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The purpose of the risk assessment conducted during the Software Development Life Cycle (SDLC) is primarily to evaluate potential system vulnerabilities. This process involves identifying, analyzing, and prioritizing risks that could negatively impact the security, functionality, and overall success of the development project. By focusing on potential vulnerabilities, the assessment helps in understanding how these risks may affect the system and allows for the implementation of appropriate measures to mitigate them. This proactive approach ensures that security considerations are integrated into the development process from the beginning, rather than being addressed only after issues arise.

In contrast, while informing stakeholders is an essential part of project management, it is not the primary goal of risk assessment. Designing user interfaces pertains to the user experience and usability aspects of development, which are separate from the focus on risk evaluation. Assigning budgets for security measures is important but falls under the financial management of the project rather than directly addressing vulnerabilities and risks in the system. Thus, evaluating potential system vulnerabilities stands out as the key focus of risk assessment in the SDLC.