CAPM (Certified Associate in Project Management) Practice Exam

The 'control risks process' is an important aspect of project management that involves identifying, analyzing, and responding to potential risks in order to minimize their potential impact on the project. Option A is incorrect because it only refers to identifying new opportunities, whereas the control risks process deals with identifying, assessing, and managing potential risks. Option C is also incorrect because allocating ownership of all risks to third parties is not part of the risk control process as it does not address how to mitigate or respond to risks. Option D is incorrect because it is nearly impossible to avoid all risks entirely, and the control risks process focuses on managing risks rather than avoiding them completely. The correct answer, B, includes implementing risk response plans and monitoring their effectiveness, which are key steps in controlling and managing risks in a project.