This is the 8338th most frequent Dutch word.
gewaagd
"Daring" or "bold."
In this sentence, 'gewaagde' is used as an adjective meaning 'bold' or 'daring', describing the noun 'beslissing' (decision).
Dit is een gewaagde beslissing.
This is a bold decision.
Here, 'gewaagde' describes 'kledingkeuze' (choice of clothing) and reflects a sense of risk or unorthodoxy.
Zijn gewaagde kledingkeuze trok veel aandacht.
His daring choice of clothing attracted a lot of attention.
In this context, 'gewaagd' conveys the meaning of 'risky' when referring to the nature of the project.