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.