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      Question

      Which of the following is not an objective of risk

      management:
      A Achieve a better understanding of risk for competitive advantage. Correct Answer Incorrect Answer
      B To eliminate all risks associated with a project Correct Answer Incorrect Answer
      C Build and improve capabilities to respond effectively to low probability, critical, catastrophic risks. Correct Answer Incorrect Answer
      D Achieve cost savings through better management of internal resources Correct Answer Incorrect Answer
      E Allocate capital more efficiently Correct Answer Incorrect Answer

      Solution

      Risk management does not aim to eliminate all risks associated with a project because it is impossible to completely eliminate all risks. Every project involves some level of risk, and risk management aims to identify and mitigate those risks to an acceptable level.

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