What is primarily assessed in risk management?

The primary focus of risk management is on identifying, analyzing, and responding to potential operational risks that could impact a mission or project. This involves understanding the likelihood and potential consequences of various risks, enabling more informed decision-making and planning. By concentrating on operational risks, leaders can develop strategies to mitigate or eliminate those risks, thereby ensuring the safety and effectiveness of operations.

The other choices may have some relevance in specific contexts but do not represent the main goal of risk management. Costs of equipment pertain more to budgeting and resource allocation, time management focuses on scheduling and deadlines, and team morale relates to the emotional and psychological well-being of team members, which, while important, are secondary concerns in the broader scope of risk management practices.