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Which most accurately describes the reasons an organization will conduct a PIA?
Correct Answer: C
Step-by-Step Comprehensive Detailed Explanation with All Information Privacy Manager CIPM Study Guide References A Privacy Impact Assessment (PIA) is conducted to identify and mitigate privacy risks. Let's review the options: A . To assess compliance with applicable laws, regulations, standards, and procedures: This describes an audit or compliance assessment, not the primary purpose of a PIA. B . To establish an inventory of its data processing activities in compliance with Article 30 of the GDPR: This aligns with the GDPR requirement for maintaining records of processing activities (ROPA), but it is not the primary focus of a PIA. C . To identify and reduce the privacy risks to individuals at the commencement of a project: This is the core purpose of a PIA, which aims to evaluate and minimize risks to individuals' data privacy early in a project's lifecycle. D . To analyze the impact of an incident response and determine next steps: This describes a post-breach analysis, not the purpose of a PIA. CIPM Study Guide References: Privacy Program Operational Life Cycle - "Assess" phase emphasizes PIAs as tools for identifying and mitigating risks to personal data. GDPR compliance guidance also identifies PIAs as necessary for high-risk processing activities under Article 35.