The level of a project's risk is influenced primarily by which of the following?

Study for the Information Technology Applications 203C (ITA203C) FE Test. Utilize flashcards and multiple-choice questions, each with hints and explanations. Prepare effectively for your exam!

The level of a project's risk is significantly influenced by project cost, project scope, and the implementation plan. Each of these elements plays a critical role in determining potential challenges and uncertainties.

Project cost is a key factor because it can directly affect the quality of resources and materials used, as well as the ability to hire skilled personnel. If the budget is insufficient, there may be a rush to cut corners, leading to greater risk in project delivery.

Project scope defines what the project will and will not include. A well-defined scope helps in managing expectations and reducing the risk of scope creep, which can arise when additional features or tasks are added without proper management. Ambiguities in project scope can lead to misunderstandings among stakeholders and increase the likelihood of project failure.

The implementation plan outlines how the project will be executed, including timelines, resource allocation, and risk management strategies. A comprehensive implementation plan helps identify potential risks early, allowing teams to mitigate them effectively.

In contrast, while elements like project size, structure, and technical expertise are relevant to project management, they do not encompass the primary influences on risk as the correct answer does. Therefore, focusing on cost, scope, and implementation provides a more comprehensive understanding of project risk factors.

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