Question

Consider the following statements:

Statement X: Expected outputs of a project are not clear or certain

Statement Y: A project-based undertaking may involve higher levels of risk

Which of these answers is true about the above two statements?

Answer 1

I would consider statements X i.e. expected outputs of a project are not clear or certain to be true. The project of the company can be anything like implementing new procedures within the organization, designing new equipment, setting of plant trials, presenting the work in a gallery etc. the outputs would always act only as milestones & we can ensure that they would be achieved fully by any organization.

For example as stated above, if the organization is implementing new procedures or rules, we can’t be sure if the same would be accepted by everyone or by all the employees. Some may welcome & some may not accept in which case the same would not be expected by the organization in which case the results have become uncertain. This also happens when a new product or service is introduced by a organization. At times it may not fully succeed depending on the tastes & preferences of the customer.