Crucial Exams

CAPM Practice Question

Which statement best describes how risk management should be handled on small or low-budget projects?

  • Risk management principles still apply, but the processes and documentation can be scaled to the project's size.

  • Risk responses can be omitted as long as a contingency budget is in place.

  • Risk analysis should be performed only if the project sponsor explicitly requests it.

  • Risk identification is optional because small projects have limited exposure.

CAPM
Project Management Fundamentals and Core Concepts
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