What aspect does not contribute to determining project risk?

In the context of determining project risk, the aspect of managerial discretion is not typically considered a direct contributor. Managerial discretion refers to the latitude that management has to make decisions and adjust project parameters. While it can be important in influencing the project direction and addressing risks that arise, it does not in itself provide an objective measure of risk associated with a project.

On the other hand, expected deliverables pertain to the specific outcomes that the project is anticipated to produce. Understanding these deliverables helps identify what can go wrong and thus contributes to risk assessment.

The team's experience level is vital in assessing risk, as a more experienced team may foresee potential issues and avoid common pitfalls, while a less experienced team might introduce additional uncertainty into the project.

Historical data plays a crucial role in determining project risk as it provides insights from previous projects, helping teams to identify risks that have occurred before in similar contexts and prepare for them.

By focusing on expected deliverables, team experience, and historical data, a more comprehensive risk assessment can be developed, while managerial discretion primarily affects the management of risks rather than their identification or quantification.