Which of the following sentences correctly describes the risk?

A Test Manager conducts risk assessment for a project. One of the identified risks is: "The sub-contractor may fail to meet his commitment". If this risk materialized, it will lead to delay in completion of testing required for the current cycle.
Which of the following sentences correctly describes the risk?
A. It is a project risk since successful completion of the project depends on successful and timely completion of the tests.
B. It is a product risk since any risk associated with development timelines is a product risk.
C. It is a product risk since default on part of the sub-contractor may lead to delay in release of the product.
D. It is no longer a risk for the Test Manager since an independent party (the sub-contractor) is now managing it.

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