A risk that is likely to occur and have a significant impact on the project will score what range on the risk assessment?

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Prepare for the UCF MAN4583 Project Management Final Exam. Study with flashcards and multiple choice questions, each featuring hints and explanations. Ace your exam!

In risk assessment, the evaluation of a risk typically considers two main factors: the likelihood of the risk occurring and the potential impact it would have on the project if it does occur. A risk that is described as likely to occur indicates a high probability, while having a significant impact suggests that its consequences could be severe.

The combination of high likelihood and significant impact results in a classification that falls into the "High, high" range. This designates the risk as a top priority for management and mitigation strategies. Projects often allocate resources and develop contingency plans for risks categorized in this way to minimize the potential negative effects on project outcomes.

In contrast, the other ranges reflect lower combinations of likelihood and impact, which do not convey the urgency or significance that a "High, high" risk does. Thus, identifying a risk that is both likely to happen and potentially damaging establishes it as a critical focus area in project management processes.