Identification and prioritization of business risk enables project managers to:

A.
establish implementation milestones.

B.
reduce the overall amount of slack time.

C.
address areas with most significance.

D.
accelerate completion of critical paths.

Explanation:
Identification and prioritization of risk allows project managers to focus more attention on areas of greater importance and impact. It will not reduce the overall amount of slack time, facilitate establishing implementation milestones or allow a critical path to be completed any sooner.