Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 – All-in-One Guide to Master Your Certification!

The project manager is typically responsible for leading risk management efforts within a project. This role involves identifying, assessing, and addressing risks that could impact the project's objectives. The project manager is tasked with creating a risk management plan, communicating with the team about risk strategies, and implementing those strategies throughout the project's lifecycle. By taking the lead on risk management, the project manager ensures that potential issues are addressed proactively, thereby helping to steer the project towards its goals and maintain alignment with stakeholder expectations.

The project sponsor, while influential and involved in high-level oversight, primarily focuses on advocating for the project's vision and securing the necessary resources, rather than directly managing risks. The risk manager, though important in specialized contexts, often operates within the parameters set by the project manager; their role may include detailed risk analysis and monitoring but does not typically include overall leadership in project management. Lastly, the stakeholder group may provide input and feedback on risks but does not actively lead risk management efforts as their involvement is more about representing interests and concerns rather than executing the management process.