If the implementation costs greatly exceed the expected cost, the firm may have not done an appropriate job assessing the B. Cost Risk.
The cost risk arises when the actual costs incurred for a project exceeds the budgeted costs.
Cost risk may arise from:
A. Financial Risk.
B. Cost Risk.
C. Implementation Risk.
D. Technological Risk.
Thus, if the implementation costs greatly exceed the expected cost, the firm may have not done an appropriate job assessing the B. Cost Risk.
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