Change is easily accepted in the beginning of a project. As the project moves toward completion, change is harder to incorporate. 2 is incorrect. Risk is only accepted based on its impact on the project and the performing organization’s utility function. Recall that the utility function is an organization’s willingness to accept risk. 3 is incorrect because team development happens throughout the project. 4 is incorrect because scope validation happens throughout the project at phase completion, at major project deliverables, and at project completion.