APM Project Risk Management Level 1 Practice Questions - APM Project Risk Management Single Subject Certificate Level 1 Exam

According to the APM Project Risk Analysis and Management (PRAM) Guide, how is project risk defined?

An uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective Any unexpected negative event that causes cost overruns or schedule delays during project execution The total financial loss an organization incurs when a project fails to deliver its planned scope A known problem that has already occurred and requires immediate corrective action by the project team

Correct Answer:

An uncertain event or condition that, if it occurs, has a positive or negative effect on at least one project objective

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