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

Question: 1 / 400

When does project risk happen?

Only during project planning

At any moment

Throughout the project lifecycle

Project risk occurs throughout the project lifecycle because risks can emerge at any stage, from initial planning and execution to closing the project. Risks are inherent to every phase, whether they’re related to scope changes, resource availability, technology issues, regulatory compliance, or stakeholder engagement.

As a project progresses, new risks can arise and existing ones might change in severity or likelihood. This continuous interaction requires project managers to consistently monitor and assess risks, making adjustments as necessary to ensure the project remains on track. In contrast, risks are not confined exclusively to the planning phase or to future stages only, highlighting the need for ongoing risk management practices throughout the duration of the project.

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