International Project Management Association (IPMA) Practice Exam 2025 – The Complete All-in-One Guide to Achieving Certification Success!

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Which factor is critical in risk management for projects?

Ignoring potential obstacles

Categorizing known risks

Categorizing known risks is essential in risk management because it helps project managers and teams systematically identify, assess, and prioritize risks. By categorizing risks, teams can understand the nature and impact of each risk, enabling them to develop appropriate strategies for mitigation, transfer, acceptance, or avoidance. This process aids in forming a comprehensive risk management plan that ensures all potential threats are addressed effectively.

Additionally, organizing risks into categories such as technical, external, organizational, or project-related allows for clearer communication among team members and stakeholders. It fosters a deeper understanding of where vulnerabilities may lie, making it easier to allocate resources and efforts toward high-priority threats. Overall, effective risk categorization is a cornerstone of proactive risk management, ultimately leading to better project outcomes.

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Only focusing on schedule

Discouraging team input

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