Which activity is NOT typically part of risk management in project delivery?

Which activity is NOT typically part of risk management in project delivery?

• A. Identify potential risks
• B. Allocate responsibility in contract
• C. Implement mitigation strategies
• D. Eliminate all risks

Answer: (D)

In risk management, the aim is to recognize uncertainties, assess their likelihood and impact, and plan ways to reduce, transfer, or accept them. Identifying potential risks is the essential first step because you can’t manage what you don’t see. Allocating responsibility in a contract helps ensure accountability and clarifies who handles mitigation or risk transfer. Implementing mitigation strategies directly reduces either the probability or the impact of risks. Eliminating all risks, however, isn’t feasible in project delivery; uncertainty is inherent, so the goal is to reduce risk to an acceptable level and manage residual risk rather than remove every risk entirely.

In risk management, the aim is to recognize uncertainties, assess their likelihood and impact, and plan ways to reduce, transfer, or accept them. Identifying potential risks is the essential first step because you can’t manage what you don’t see. Allocating responsibility in a contract helps ensure accountability and clarifies who handles mitigation or risk transfer. Implementing mitigation strategies directly reduces either the probability or the impact of risks. Eliminating all risks, however, isn’t feasible in project delivery; uncertainty is inherent, so the goal is to reduce risk to an acceptable level and manage residual risk rather than remove every risk entirely.