PMI Risk Management Professional Practice Exam

What is the goal of risk avoidance in a project management plan?

1. To transfer risk to another party

2. To eliminate the risk or protect project objectives

3. To accept the risk while preparing a mitigation strategy

4. To monitor the risk continuously

The correct answer is: To eliminate the risk or protect project objectives

The goal of risk avoidance in a project management plan is to eliminate the risk or protect project objectives. This approach focuses on identifying potential risks and taking proactive steps to either eliminate them entirely or reduce their impact on the project's goals. By implementing risk avoidance strategies, project managers can prevent certain risks from materializing in the first place, leading to a more stable and predictable project environment. For example, if a particular strategy or method is known to carry significant risks, a project manager might choose to alter the project's approach or scope to eliminate that risk entirely. This strategy is particularly effective in scenarios where the risks identified are unacceptable and cannot be tolerated within the project’s framework. By prioritizing the removal of risks, the project's overall success is more likely to be achieved without complications from unforeseen issues.