Final answer:
A risk profile is a list of questions targeting traditional uncertainties in a project, aiding in identifying potential risks and informing project management decisions through data collection and quantitative research. The correct answer is A.
Step-by-step explanation:
The list of questions that address traditional areas of uncertainty on a project is termed a Risk Profile. A risk profile is a comprehensive look at the potential risks and uncertainties facing a project or business venture.
In the context of project management, identifying risks early can be crucial to the successful completion of a project.
When developing a risk profile, the project team would explore different scenarios, asking questions such as what might go wrong, what the potential consequences would be, and how likely these outcomes are.
This involves creating research questions that are specific and focused on the topic being researched. These questions form the basis of a case study and drive the data collection process.
It's important that these research questions are not leading questions and they represent a random sample of possible outcomes without bias.
To adequately address risk, one must conduct quantitative research, which entails gathering specific data that can be replicated in a controlled environment.
This approach to data collection ensures that the information is reliable and can inform decision-making on the project. The correct answer is A.