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

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What is the main purpose of risk responses in project management?

To eliminate all project risks

To reduce the probability and impact of risks

The main purpose of risk responses in project management is to reduce the probability and impact of risks. This approach involves identifying potential risks and developing strategies to mitigate them, ensuring that if a risk does occur, its effects on the project are minimized. Risk responses can include avoiding the risk, transferring it, mitigating it through preventive measures, or accepting it when necessary.

This proactive response framework allows project managers to navigate uncertainties and enhance the likelihood of project success, aligning with the overarching goal of effective risk management to support project objectives. While documenting risks and informing stakeholders are important aspects of risk management, they are not the primary purpose of risk responses; rather, they serve to support ongoing risk management efforts.

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To document risks in the project plan

To inform stakeholders about potential risks

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