Which Practice Area is concerned with managing uncertainties that may have negative or positive impacts on achieving objectives?

The correct choice focuses on the Practice Area that specifically addresses the identification, assessment, and management of uncertainties that can impact project objectives. Risk and Opportunity Management is crucial because it not only involves recognizing potential negative events (risks) that could hinder the success of a project but also identifying positive events (opportunities) that could enhance success. This dual focus enables organizations to develop strategies to mitigate threats and capitalize on beneficial scenarios, ultimately supporting better decision-making and improved project outcomes.

In contrast, Change Management primarily deals with how organizations handle changes within their processes or systems, ensuring that transitions are smooth and that stakeholders are prepared. Stakeholder Engagement focuses on the interactions and relationships with those who have an interest in the project, aiming to ensure collaboration and communication. Quality Management, while essential for ensuring that products and services meet acceptable standards, does not specifically target the uncertainties that impact objectives the way Risk and Opportunity Management does. Thus, Risk and Opportunity Management is the most relevant Practice Area for managing uncertainties connected to achieving project goals.