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Question 8 - PRINCE2-7-Foundation discussion

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Which is NOT considered when defining risk tolerance?

A.
A Project Board's attitude towards risk taking
Answers
A.
A Project Board's attitude towards risk taking
B.
The allocated risk budget
Answers
B.
The allocated risk budget
C.
An organization's risk appetite
Answers
C.
An organization's risk appetite
D.
The amount of risk a Project Board considers acceptable
Answers
D.
The amount of risk a Project Board considers acceptable
Suggested answer: B

Explanation:

When defining risk tolerance, the factors considered include the Project Board's attitude towards risk, the organization's risk appetite, and the level of risk deemed acceptable by the Project Board. The allocated risk budget is not a direct consideration in defining risk tolerance; rather, it is a resource aspect managed within the tolerances set for the project.

Reference: PRINCE2 Foundation Training Manual; PRINCE2 2017 Foundation handbook.

Topic 2, Exam Pool B

asked 23/09/2024
Luis Antonio Sanchez Estrada
35 questions
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