There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

Question

Options

• AAcceptance
• BMitigation
• CSharing
• DTransference

• A
  88% (15)
• B
  6% (1)
• C
  6% (1)

Explanation

Acceptance is the only risk response strategy that applies to both positive risks (opportunities) and negative risks (threats). For negative risks, acceptance means acknowledging the risk and deciding not to take action unless it occurs (passive) or setting aside contingency reserves (active). For positive risks, acceptance means being willing to take advantage of the opportunity if it arises but not actively pursuing it. Mitigation and Transference apply only to negative risks; Sharing is primarily a positive risk strategy. Acceptance bridges both categories.

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