Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money…

The correct answer is A. Four. According to the PMBOK Guide, there are four risk response strategies for positive risks (opportunities): (1) Exploit - eliminate uncertainty by ensuring the opportunity definitely occurs; (2) Enhance - increase the probability or impact of the opportunity; (3) Share - allocate…

Security and Privacy Governance, Risk Management, and Compliance Program

Question

Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?

Options

AFour
BSeven
CAcceptance is the only risk response for positive risk events.
DThree

How the community answered

(43 responses)

A
93% (40)
B
2% (1)
D
5% (2)

Explanation

According to the PMBOK Guide, there are four risk response strategies for positive risks (opportunities): (1) Exploit - eliminate uncertainty by ensuring the opportunity definitely occurs; (2) Enhance - increase the probability or impact of the opportunity; (3) Share - allocate ownership of the opportunity to a third party better positioned to capture it; and (4) Accept - take advantage of the opportunity if it occurs but not actively pursue it. This mirrors the four strategies for negative risks (Avoid, Transfer, Mitigate, Accept).

Topics

#Positive Risk Response#Risk Management#Project Management

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