CAPM (Certified Associate in Project Management) Practice Exam

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Study for the CAPM Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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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.