Risk Management Professional Exam Prep

Category - Risk Management

By applying effective risk management techniques, what percentage of risks can be curtailed?
  1. 50%
  2. 10%
  3. 25%
  4. 90%
  5. 100%
Explanation
Answer: d - According to studies, it’s believed that up to 90% of risks can be eliminated through effective risk management techniques. We’re sure this varies from project to project, but we included this question to emphasize the value that can be created by good risk management practices.

Key Take Away: The last 10% can be accepted or transferred. At the end of the day, if we only proceeded with things that had zero risk, nothing would get done.
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