Uncertainty is often used in conjunction with the term risk, implying that uncertainty is risk. Uncertainty is an unknown situation, which may result from a lack of information to sufficiently quantify the probability of occurrence of an event and to determine the most likely outcome Therefore, and uncertainty that has a potential for a major impact on a project should be:
A.
Assigned a risk exposure index of 0.8 pending further resolution of the risk exposure
B.
Ignored until additional information can be obtained to resolve the actual risk exposure
C.
Studied to determine alternatives that may have a high risk index, but are fully understood
D.
Resolved before project implementation, but must be resolved before starting that area of work
E.
Resolved before project implementation or the project must be delayed pending a better understanding of the situation