Q: A project manager needs to identify and plan for potential events that can impact the project. What are these potential events called in project management?
or
Q: A project manager must recognize possible occurrences that might have an influence on the project and make plans for them. What is the term in project management for these possible occurrences?
- Delays
- Problems
- Issues
- Risks
Explanation: Risks are ambiguities or occurrences that, if they materialize, have the potential to have either a positive or negative influence on one or more of the project’s goals. Project managers often engage in risk management to identify, evaluate, and prepare for possible hazards. The goal of risk management is to reduce the negative consequences of prospective risks and maximize the prospects for the project to be successful.
