What is the primary purpose of a risk management program?
A) Reduce risk to a tolerable level.
B) Reduce all risks regardless of costs.
C) Transfer all risks to external third parties.
D) Identify every significant risk to avoid it.

Question

Quizplus · Accepted Answer

The primary purpose of a risk management program is to reduce risk to a tolerable level, balancing the cost of mitigation with the potential impact of the risk.

What Is the Primary Purpose of a Risk Management Program