CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CAPM Exam with challenging questions and comprehensive explanations. Utilize flashcards and multiple choice quizzes to enhance your project management knowledge. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the main goal of risk urgency assessment in risk management?

To prioritize risks based on their impact and urgency
To calculate the budget required for risk responses
To schedule risk management activities
To determine the need for additional resources

The correct answer is: To prioritize risks based on their impact and urgency

The main goal of risk urgency assessment in risk management is to prioritize risks based on their impact and urgency. By conducting a risk urgency assessment, project managers can determine which risks require immediate attention and response to minimize their potential negative impact on the project. This helps in focusing resources and efforts on managing the most critical risks first. The other options - calculating the budget required for risk responses, scheduling risk management activities, and determining the need for additional resources - are all important aspects of risk management but are not the primary goal of risk urgency assessment.