Question

Which of the following steps of risk explains the status and potential effect of all project risks?

1) Inform key audiences of all risks involved with the project
2) Assess the potential effects of those risks on the project.
3) Identify risks.
4) Monitor the status of project risks throughout performance.

Answer 1

The step of risk that explains the status and potential effect of all project risks is Assess the potential effects of those risks on the project.

Step-by-step explanation:

The step of risk that explains the status and potential effect of all project risks is 2) Assess the potential effects of those risks on the project. This step involves carefully evaluating each identified risk and analyzing how it could impact the project. By assessing the potential effects, project managers can prioritize risks and develop appropriate mitigation strategies to minimize their impact.