What is one of the objectives of project risk management?

Question

Options

• ADecrease the probability and impact of event on project objectives.
• BDistinguish between a project risk and a project issue so that a risk mitigation plan can be put
• CIncrease the probability and impact of positive events.
• DRemoval of project risk.

• A
  4% (2)
• B
  11% (6)
• C
  81% (46)
• D
  5% (3)

Explanation

Project risk management aims to increase the probability and impact of positive events (opportunities) while decreasing the probability and impact of negative events (threats) - making C the correct answer. This dual focus is a core principle from the PMBOK Guide: risks aren't inherently bad, they include upside opportunities that a good risk management process actively tries to exploit.

Why the distractors are wrong:

• A is only half correct - managing threats is real, but it's just one side of the objective; the full goal includes opportunities too.
• B misrepresents the purpose - while distinguishing risks from issues is a useful practice, it's not stated as a primary objective of risk management.
• D is incorrect because complete risk removal is generally impossible; the goal is to manage and respond to risk, not eliminate it entirely.

Memory tip: Think of project risks as a two-sided coin - threats (negative) and opportunities (positive). Risk management flips both sides in your favor: minimize threats, maximize opportunities. If an answer covers only one side, it's incomplete.

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