APM Project Risk Management Level 1 Practice Questions - APM Project Risk Management Single Subject Certificate Level 1 Exam

What is the primary objective of project risk management throughout the project lifecycle?

To eliminate all potential project risks prior to physical execution To maximize the probability and impact of opportunities while minimizing the probability and impact of threats To transfer all financial and operational liabilities to third-party suppliers and contractors To maintain a fixed list of project risks that remains unchanged after the planning phase

Correct Answer:

To maximize the probability and impact of opportunities while minimizing the probability and impact of threats

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