Exam PK0-004 topic 1 question 910 discussion

The most important factor to the success of a project's risk management effort is prioritizing based on impact. Risk management is the process of identifying, assessing, and prioritizing risks in order to minimize their impact on a project. In order to effectively manage risks, it is important to prioritize the risks based on their potential impact on the project. This allows the project team to focus their efforts on the most significant risks and develop strategies to mitigate or address them. Options A, C, D, and E are also important elements of risk management, but prioritizing based on impact is the most crucial factor in ensuring the success of the risk management effort. By focusing on the most significant risks first, the project team can ensure that they are proactively addressing the risks that have the greatest potential to affect the project.