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Question 365 - PRINCE2-7-Foundation discussion

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How can the risk culture of 3n organization make decision-making less effective?

A.
By using statistical modelling be understand the Impact of risks and their likelihood
Answers
A.
By using statistical modelling be understand the Impact of risks and their likelihood
B.
By establishing a risk budget to make funding risk responses actions easier
Answers
B.
By establishing a risk budget to make funding risk responses actions easier
C.
By Individuals adopting an attitude that leads them to ignore threats to objectives
Answers
C.
By Individuals adopting an attitude that leads them to ignore threats to objectives
D.
By Involving stakeholders in assessing the likelihood and impact of each risk
Answers
D.
By Involving stakeholders in assessing the likelihood and impact of each risk
Suggested answer: C

Explanation:

The risk culture of an organization can make decision-making less effective when individuals adopt an attitude that leads them to ignore threats to objectives. This behavior results in underestimating or neglecting the potential impacts of risks, which can compromise the decision-making process and lead to less effective risk management and project outcomes.

Reference: PRINCE2 7 Foundation training materials and risk management guidelines.

asked 23/09/2024
Ivan Rodrigo Velasco Capote
34 questions
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