Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profityou're your…

The correct answer is D. Exploiting. Exploiting is a positive risk response strategy used when an organization wants to ensure that an opportunity is realized. It involves taking deliberate action to make certain the opportunity occurs. In this scenario, the organization is actively seizing the byproduct…

Security and Privacy Governance, Risk Management, and Compliance Program

Question

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profityou're your organization seizes this opportunity it would be an example of what risk response?

Options

AOpportunistic
BPositive
CEnhancing
DExploiting

How the community answered

(29 responses)

A
3% (1)
B
7% (2)
C
3% (1)
D
86% (25)

Explanation

Exploiting is a positive risk response strategy used when an organization wants to ensure that an opportunity is realized. It involves taking deliberate action to make certain the opportunity occurs. In this scenario, the organization is actively seizing the byproduct opportunity to generate profit - this aligns with 'Exploit,' which eliminates uncertainty by making the positive risk event happen for certain. 'Enhancing' (C) only increases the probability or impact of an opportunity, not guarantees it. 'Acceptance' would mean doing nothing special, and there is no standard PMI response called simply 'Opportunistic' or 'Positive.'

Topics

#Risk Management#Risk Response Strategies#Opportunity Management#Exploiting Opportunities

Community Discussion

No community discussion yet for this question.

Full CAP Practice