What is the difference between a project risk and a product risk?

  1. A. Project risks are potential failure areas in the software or system; product risks are risks that surround the project’s capability to deliver its objectives.

  2. B. Project risks are the risks that surround the project’s capability to deliver its objectives; product risks are potential failure areas in the software or system.

  3. C. Project risks are typically related to supplier issues, organizational factors and technical issues; product risks are typically related to skill and staff shortages.

  4. D. Project risks are risks that delivered software will not work; product risks are typically related to supplier issues, organizational factors and technical issues.


Correct Option: B

AI Explanation

To answer this question, let's go through each option:

Option A) Project risks are potential failure areas in the software or system; product risks are risks that surround the project’s capability to deliver its objectives. This option is incorrect. Project risks are not limited to potential failure areas in the software or system, and product risks are not limited to the project's capability to deliver its objectives.

Option B) Project risks are the risks that surround the project’s capability to deliver its objectives; product risks are potential failure areas in the software or system. This option is correct. Project risks refer to the risks that may hinder the project's ability to achieve its objectives, such as delays, budget overruns, or resource constraints. Product risks, on the other hand, are related to potential failure areas in the software or system, such as software bugs or system failures.

Option C) Project risks are typically related to supplier issues, organizational factors, and technical issues; product risks are typically related to skill and staff shortages. This option is incorrect. While project risks can include supplier issues, organizational factors, and technical issues, they are not limited to these factors. Product risks are not typically related to skill and staff shortages.

Option D) Project risks are risks that delivered software will not work; product risks are typically related to supplier issues, organizational factors, and technical issues. This option is incorrect. Project risks are not solely about the delivered software not working, and product risks are not typically related to supplier issues, organizational factors, and technical issues.

The correct answer is B. Project risks are the risks that surround the project’s capability to deliver its objectives, while product risks are potential failure areas in the software or system.

Find more quizzes: