Answer:
The correct word for the blank space is: risk.
Explanation:
Risk management is the process of identifying, analyzing and responding to risk factors throughout the life of a project to favor its objectives. Proper risk management implies the control of possible future events since they are designed to do something more than identifying risks.
After the project team identifies all the possible risks that can affect its operations, the must choose which ones are more likely to happen. The decision will be made based on past experiences and the probabilities of occurrence.
