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Project risks threaten the viability of the product to be built
A) True
B) False

1 Answer

2 votes

Final answer:

Project risks can indeed pose a threat to the viability of a product to be built, and addressing such risks with appropriate plans is essential for ensuring project success and sustainability. The correct answer is A) True.

Step-by-step explanation:

Project risks certainly have the potential to threaten the viability of the product to be built; therefore, the correct answer is A) True. Poor design decisions early in the project development process can lead to a product that fails to meet customer needs, reducing its viability. Moreover, understanding the asymmetry of risk, as depicted in the provided reference material, is crucial. Realizing that choosing Plan A in the face of a devastating threat can lead to catastrophic consequences, while Plan B, though conservative, mitigates such threats, further supports this truth.

Additionally, activities not directed towards ultimate success or true sustainability are likely to contribute to failure, emphasizing the significance of addressing risks early and effectively. Experiments in scientific research also showcase the importance of being able to make cause-and-effect claims while being aware of potential pitfalls, a concept transferable to risk management in project development.

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