WGU Project Management C722, Unit 6, Module 20. Exam Questions and answers. VERIFIED.

WGU Project Management C722, Unit 6, Module 20. Exam Questions and answers. VERIFIED. What is a risk? a. Changes in the business that cause concerns over the roles and responsibilities of the project personnel b. Uncertainty in the business, organization, or project of an associated action that can impact the outcomes of the project c. Organizational instability caused by internal and external strife d. Political, competitive, and financial impacts that can change the outcomes of a project with no warning - -b. Uncertainty in the business, organization, or project of an associated action that can impact the outcomes of the project All external and internal influences can cause uncertainty and the impact of any of those changes can be interpreted into risk. Risks can change the outcome of the project in either a negative (risky) or positive (opportunity) manner. _________ is the degree of uncertainty an entity is willing to take on in anticipation of a reward. a. risk tolerance b. risk appetite c. risk aversion d. risk threshold - -b. risk appetite Risk appetite is the degree of uncertainty an entity is willing to take on in anticipation of a reward. _________ refers to measurements along the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. a. risk tolerance b. risk appetite c. risk aversion d. risk threshold - -d. risk threshold