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Question 137 - PRINCE2-7-Foundation discussion

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Identify the missing words in the following sentence. A risk budget is a sum of money included in the [ ? ] and set aside to fund specific management responses to a project's threats and opportunities.

A.
change budget
Answers
A.
change budget
B.
project budget
Answers
B.
project budget
C.
project's cost tolerance
Answers
C.
project's cost tolerance
D.
project's risk tolerance
Answers
D.
project's risk tolerance
Suggested answer: B

Explanation:

A risk budget is a specific amount of money set aside within the project budget to address potential threats and opportunities. This allocation is used to fund the specific management responses required to mitigate identified risks.

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

asked 23/09/2024
Johan Benavides
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