Which parameter evaluates how quickly a risk would be identified during a project?

The correct answer is that risk detectability evaluates how quickly a risk would be identified during a project. Risk detectability refers to the ability of a team or organization to recognize and identify risks as they emerge. This characteristic is crucial for effective risk management because the sooner a risk is identified, the earlier appropriate measures can be taken to mitigate its impact.

When conducting project management, understanding risk detectability allows project managers to assess their current processes for spotting potential risks and ensures that they have mechanisms in place to address these risks promptly. A high level of risk detectability means that a team is likely to recognize and respond to risks before they escalate into more serious issues.

In contrast, options like quality escape and quality audit pertain to different aspects of project management focused mainly on product quality rather than risk identification, while risk interconnectivity refers to how different risks might influence one another rather than the speed at which they can be identified. Understanding how to gauge risk detectability is key to effective risk management and enhancing a project's overall success.