True or False: Responses to all identifiable risks should be a top priority for the project manager.

In project management, it is essential for a project manager to prioritize responses to risks based on their significance and potential impact on the project's objectives rather than treating all identifiable risks as equally critical. Not every risk identified will have a substantial effect on the project; thus, prioritization is necessary to allocate resources effectively and manage risks that could cause major delays, budget overruns, or affect the overall success of the project.

Responding to every identifiable risk can lead to inefficiencies, as resources may be unnecessarily consumed on low-impact risks that do not warrant immediate attention. By focusing on the most significant risks—those that have the potential to jeopardize project success—a project manager can ensure that risk management efforts are effective and proportional to the potential consequences.

Therefore, it is accurate to state that not all identifiable risks should be treated with the same level of priority, making the assertion that responses to all identifiable risks should be a top priority false. This understanding emphasizes the importance of risk assessment and management as a strategic approach in project management.