Which are the main objectives of Project Risk Management?

The correct answer is A. Increase the probability of positive risks and decrease the probability of negative risks.. According to the PMBOK Guide, the objective of Project Risk Management is to increase the probability and impact of positive risks (opportunities) while decreasing the probability and impact of negative risks (threats). Option B is incorrect because not all risks can or should be

Predictive, Plan-Based Methodologies

Question

Which are the main objectives of Project Risk Management?

Options

AIncrease the probability of positive risks and decrease the probability of negative risks.
BAvoid all kind of risks.
CIncrease the probability of positive risks and eliminate all negative risks.
DIdentify positive and negative risks.

How the community answered

(48 responses)

A
90% (43)
B
6% (3)
C
2% (1)
D
2% (1)

Explanation

According to the PMBOK Guide, the objective of Project Risk Management is to increase the probability and impact of positive risks (opportunities) while decreasing the probability and impact of negative risks (threats). Option B is incorrect because not all risks can or should be avoided - some are acceptable. Option C is incorrect because eliminating all negative risks is unrealistic; the goal is to decrease, not eliminate, them. Option D (identify risks) is only one step in the process, not the overarching objective.

Topics

#Project Risk Management#Risk Management Objectives#Opportunities and Threats#PMBOK Guide Concepts

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