What does technological risk encompass?

Technological risk encompasses a variety of potential adverse outcomes associated with the use of technology. This includes bodily harm, which refers to any physical injury or health detriment that may arise from technological failures or mishaps. Economic loss is another aspect, involving the financial impacts that can occur due to these technological failures, such as loss of revenue, increased costs, or liability claims. Environmental degradation is similarly important, as technological advancements or implementations can lead to harm to the environment, whether through pollution, resource depletion, or ecological disruption.

In contrast, the other options focus too narrowly on specific aspects of risk. Focusing solely on economic loss or environmental degradation does not capture the full scope of potential harms linked to technology. Similarly, project delays and budget overruns, while significant, represent logistical or managerial issues rather than the direct risks associated with the safety, health, and ecological impact of technology itself. Therefore, the correct choice reflects a comprehensive understanding of the various dimensions of risk that can arise from technological processes and innovations.