Question

_____ is the type of risk relating to threats to successful project completion.

a. Project risk

b. Business risk

c. Market risk

d. Operational risk
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Answer 1

(b) Buisness Risk

You can never trust anyone in money problems and you never know when someone might cheat you and disappear.

Answer 2

Answer:

Option d - Operational risk is the type of risk relating to threats to successful project completion.

Explanation:

• Hazards from ineffective implementation and issues with certain processes, such as production, distribution, and procurement, are considered operational risks.
• It is also a form of performance risk because shoddy implementation made it impossible for the desired result to materialize.
• Operational risk is more concerned with how tasks are completed within an organization than it is with the products or inherent risks of the industry.
• These risks are frequently connected to active choices made about the priorities and operations of the company.
• Although a failure, decreased productivity, or greater total costs are not certain outcomes of the risks, they are viewed as higher or lower depending on a variety of internal management decisions.
• Operational risk, or the chance that corporate operations may fail as a result of human error, can be summed up as a human risk because it represents man-made procedures and thought processes.
• It varies from industry to industry and should be taken into account when considering potential investment choices.
• Operations risk is probably lower in sectors where there is less involvement with people.

Hence, the human factor, or errors or failures brought on by employees' actions or decisions, has a significant impact on operational risk.

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