The Purpose of the Risk Theme

B.

The Risk theme is one of the seven themes in the PRINCE2 project management methodology. The purpose of the Risk theme is to provide a structured approach to identifying, assessing, and controlling risks throughout the project.

Option A, "Establish a procedure to ensure every change is agreed by the relevant authority before it takes place" is not the correct purpose of the Risk theme. This statement refers to the Change theme, which is responsible for the procedures for reviewing, approving and implementing changes within the project.

Option B, "Establish a cost-effective procedure to identify, assess and control uncertainty" is the correct purpose of the Risk theme. The Risk theme provides guidance on how to identify and assess risks, evaluate the likelihood of them occurring, and determine their potential impact on the project. The theme also covers how to develop strategies to manage risks and monitor them throughout the project.

Option C, "Establish mechanisms to control any unacceptable deviations from plan" is not the correct purpose of the Risk theme. This statement refers to the Progress theme, which is responsible for monitoring project progress and taking corrective action if necessary.

Option D, "Establish mechanisms to manage risks at the corporate or programme level of an organization" is not the correct purpose of the Risk theme. This statement refers to the Risk Management process at the organizational level and not at the project level.

In summary, the purpose of the Risk theme is to establish a cost-effective procedure to identify, assess, and control uncertainty throughout the project.