Certified Professional Contract Manager (CPCM) Practice Exam 2025 - Free CPCM Practice Questions and Study Guide

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What is NOT a key aspect of risk in project management?

The event's historical data

In project management, understanding risk is crucial for successful project delivery. One key aspect of risk is the identification of the risk event itself, the probability of its occurrence, and the significance of its impact on the project. These elements are integral to assessing and managing risk effectively.

Historical data about past events, while informative and sometimes useful for context, is not considered a key aspect of risk itself. Instead, it may serve as a reference point for understanding trends or anticipating potential future risks. It does not directly contribute to the risk assessment framework, which primarily focuses on the likelihood, impact, and nature of risks that could affect the project. Consequently, while historical data may enrich a team's background knowledge, it does not constitute a core component of risk in project management.

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The probability of occurrence

The significance of the impact

The risk event itself

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