Question: Your team has worked diligently to identify a large number of risks on a pharmaceutical development project. At this time, the risk register includes risks related to government regulations, risks involved in production and testing, and risk related to introducing a new product to the already flooded market, as well as many other areas of potential risk . Before proceeding with the project, these risks must be assessed, and risk response plans must be developed for the highest ranking risks. All the following are factors in the assessment of project risk except:
A. Risk events
B. Risk probability
C. Amount at stake
D. Insurance premiums
Ans: D, Insurance premiums are not factors in assessing project risk. They come into play when you determine which risk response strategy you will use.