What is the primary goal of conducting a project risk assessment?

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The primary goal of conducting a project risk assessment is to identify risks and develop mitigation strategies. This process is essential because it allows project managers and teams to systematically analyze potential risks that could impact the project's success. By identifying these risks early on, teams can implement strategies to minimize their impact or to prevent them from occurring altogether.

Risk assessment involves evaluating the likelihood of various risks and their potential consequences, which helps in prioritizing risk management efforts. Through proper risk assessment, a project team can allocate resources more effectively, ensuring that they tackle the most significant risks that could derail the project. This proactive approach ultimately leads to better project outcomes, as risks are managed before they have a chance to affect the project's scope, timelines, or budget.

The other options, while potentially beneficial to a project, are not the primary focus of a risk assessment. Enhancing team productivity, improving contractor-client relationships, and securing more funding may be results of effective risk management, but they are not the fundamental purpose of performing a risk assessment.

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