Ace the 2025 Certified Governance Risk & Compliance (CGRC) Challenge – Navigate the Governance Maze with Confidence!

Question: 1 / 400

What is the primary goal of risk response planning?

To increase project costs

To minimize the impact of risks

The primary goal of risk response planning is to minimize the impact of risks. This process involves identifying potential risks that could affect a project and developing strategies to address them proactively. By focusing on minimizing the impact, organizations can implement measures that either reduce the probability of risks occurring or lessen their effects on project objectives if they do happen.

Effective risk response planning contributes to the overall success of a project by ensuring that risks are managed in a way that protects resources, timelines, and outcomes. Techniques such as risk avoidance, mitigation, transfer, or acceptance are employed to create a comprehensive approach that aligns with an organization's risk tolerance and strategic goals. This proactive stance enables project managers to navigate uncertainties more effectively and build resilience against unexpected challenges.

Get further explanation with Examzify DeepDiveBeta

To delay project milestones

To ignore potential risks

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy