PRINCE2 Foundation — Question 204

Which describes risk probability?

Answer options

• A. Level of risks which the project can tolerate before escalating to the Project Board
• B. Probable effect on the project delivering its objectives
• C. Timeframe within which the risk may occur
• D. A measure of the likelihood of the risk occurring

Correct answer: D

Explanation

The correct answer, D, accurately defines risk probability as the likelihood that a specific risk will occur. Options A and B relate to risk tolerance and impact, while option C pertains to timing rather than probability.