adplus-dvertising
frame-decoration

Question

What is the main purpose of risk management?

a.

To prevent risks from becoming problems

b.

To identify potential problems

c.

To solve problems that have already occurred

d.

To develop strategies to mitigate risks

Answer: (a).To prevent risks from becoming problems Explanation:Risk management is concerned with preventing risks from becoming problems. It involves identifying the risk factors, determining the risk exposure, developing strategies to mitigate risks, and monitoring risk factors.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What is the main purpose of risk management?

Similar Questions

Discover Related MCQs

Q. What is the main concern when activities on the critical path slip?

Q. How is project control maintained when the project is underway?

Q. What is the primary action management needs to take when there is schedule slippage of activities on a critical path?

Q. What is the primary method of providing progress information to management during a project?

Q. What is used to determine cumulative effort and expenditure during a project?

Q. How can project expenditures be planned using a Gantt chart?

Q. What is the purpose of a Gantt chart in project management?

Q. What is the purpose of dummy activities in an activity-on-arrow network in the PERT technique?

Q. What is the difference between an "activity-on-node" network and an "activity-on-arrow" network in the PERT technique?

Q. What is the purpose of a Gantt chart in the PERT technique?

Q. What does the "Fi" in the ordered pair (Si, Fi) represent in the PERT technique?

Q. What does the "Si" in the ordered pair (Si, Fi) represent in the PERT technique?

Q. What is the purpose of dummy activities in PERT technique?

Q. What is a critical path in PERT technique?

Q. What is the earliest possible finishing time of the whole project?

Q. How is the earliest possible starting time of an activity computed?

Q. What is the meaning of Si and Fi in the PERT technique?

Q. What do the gray areas in the Gantt chart represent?

Q. What does a Gantt chart depict?

Q. How is the latest point in time at which activity L should finish computed?