PMI Risk Management Professional Practice Exam

What is a primary goal of risk management in project management?

1. Enhance project visibility

2. Minimize negative impacts of risks

3. Maximize profit margins

4. Ensure stakeholder engagement

The correct answer is: Minimize negative impacts of risks

A primary goal of risk management in project management is to minimize the negative impacts of risks. This involves identifying potential risks that could affect the project's success, assessing the likelihood and potential impact of these risks, and implementing strategies to either avoid, mitigate, transfer, or accept them. By addressing risks proactively, project managers can reduce uncertainties and protect the project's objectives, timelines, and budgets from unforeseen challenges. This focus on minimizing negative outcomes is essential for achieving overall project success and ensuring that project goals are met while maintaining quality and stakeholder satisfaction. Enhancing project visibility, maximizing profit margins, and ensuring stakeholder engagement may be important aspects of project management but are not the central goals of risk management itself. By prioritizing the management of risks, project managers can create a safer and more predictable project environment, ultimately leading to better overall performance.