All of the following statements regarding project risk are correct, except:
a.There is always a tradeoff between risk and reward.
b.Risk is inherent in every aspect of the project management process.
c.Risk control includes anticipating everything that could go wrong throughout the project plans.
d.Planning for risk management includes risk assessment.
Answer:C
Choice "C" is correct. Anticipating everything that could go wrong throughout the project plans is a part of risk assessment, not risk control.
Choice "d" is incorrect. Planning for risk includes risk assessment as well as risk control.
Choice "a" is incorrect. Risk and reward tradeoffs are inherent in project management.
Choice "b" is incorrect. Risk, the chance that something might go wrong, is inherent in every aspect of project management.