is incorrect. Natural disaster can be of large impact depending upon its nature, but it is
not the best answer.

Explanation/Reference:
Explanation:
Key performance indicators (KPIs) provide insights into the operational effectiveness of the concept or capability that they monitor. Key Performance Indicators is a set of measures that a company or industry uses to measure and/or compare performance in terms of meeting their strategic and operational goals.
KPIs vary with company to company, depending on their priorities or performance criteria.
A company must establish its strategic and operational goals and then choose their KPIs which can best reflect those goals. For example, if a software company's goal is to have the fastest growth in its industry, its main performance indicator may be the measure of its annual revenue growth.
Incorrect Answers:
A: Capability maturity models (CMMs) assess the maturity of a concept or capability and do not provide insights into operational effectiveness.
B: Metric thresholds are decision or action points that are enacted when a KPI or KRI reports a specific value or set of values. It does not provide any insights into operational effectiveness.
C: 主要リスク指標 (KRI) は、監視対象の概念または機能内で存在または実現される可能性のある潜在的なリスクについての洞察のみを提供します。主要リスク指標は、企業の主要な監視指標です。KRI は関連性が高く、重要なリスクを予測または示す可能性が高くなります。
KRI は、大企業が抱える、管理および報告すべきリスク指標の数が多すぎることを避けるのに役立ちます。

The primary objective of risk management is to achieve business objectives, as risk management involves identifying, assessing, responding, and monitoring the risks that may affect the desired outcomes and performance of the organization, and aligning them with the risk tolerance and appetite of the organization.
Identifying and analyzing risk, minimizing business disruptions, and identifying threats and vulnerabilities are not the primary objectives, as they are more related to the process, outcome, or source of risk management, respectively, rather than the purpose or value of risk management. References = CRISC Review Manual, 7th Edition, page 99.

* Project risk register: A document that records the identified risks, their likelihood, impact, and mitigation strategies for a project1.
* Project steering committee: A group of senior stakeholders and experts who oversee and support a project from a higher level2.
* Risk mitigation actions: The measures taken to prevent, reduce, or transfer the risks that may affect a project3.
The most important objective of regularly presenting the project risk register to the project steering committee is to track the status of risk mitigation actions. Tracking the status of risk mitigation actions can help the project steering committee to:
* Monitor and measure the performance and effectiveness of the risk management process and controls
* Evaluate the progress and outcomes of the risk mitigation actions against the project goals and objectives
* Identify and resolve any issues, challenges, or gaps in the risk mitigation actions
* Provide guidance, feedback, and support to the project manager and the project team
* Adjust or revise the risk mitigation actions as needed to reflect the changes in the project scope, schedule, budget, or environment The other options are not the most important objective of regularly presenting the project risk register to the project steering committee, although they may be relevant or beneficial. Allocating budget for resolution of risk issues, which means assigning financial resources to address and resolve the risks that may affect a project, may be a part of the risk management process, but it is not the primary purpose of presenting the project risk register, which is more focused on tracking and reporting the risk status and actions. Determining if new risk scenarios have been identified, which means finding out if there are any additional or emerging risks that may impact a project, may be a useful outcome of presenting the project risk register, but it is not the main objective, which is more concerned with tracking and reporting the existing risk status and actions.
Ensuring the project timeline is on target, which means verifying that the project is progressing according to the planned schedule and milestones, may be a benefit of presenting the project risk register, but it is not the key objective, which is more related to tracking and reporting the risk status and actions.
References = Risk Register: A Project Manager's Guide with Examples [2023] * Asana, Project Steering Committee: Roles, Best Practices, Challenges, Risk Mitigation: Definition, Strategies, and Examples