During project execution, a team member has identified and then analyzed an opportunity that will yield a net savings of 10% and reduce time in the schedule by 20% Which strategy should the project…

Question

Options

• AEscalate to upper management to build awareness of the opportunity
• BExploit the opportunity immediately, since the cost saving makes it worthwhile.
• CTransfer the opportunity to a partner and start a partner contract.
• DCreate a trail of the opportunity before full adoption, because of the risk associated.

• A
  4% (1)
• B
  74% (17)
• C
  9% (2)
• D
  13% (3)

Explanation

In PMBOK risk management, 'Exploit' is the strategy used when a project team wants to ensure that an identified opportunity is realized. Since the opportunity has already been identified AND analyzed - showing a confirmed 10% cost reduction and 20% schedule improvement - exploiting it immediately is the appropriate and logical response. The analysis provides sufficient justification to act. Option A (escalate) is reserved for opportunities outside the PM's authority to act upon. Option C (transfer) is typically a threat response strategy, not an opportunity strategy. Option D (creating a trial) implies uncertainty about the outcome, but the question states the analysis already confirms the savings - so a cautious pilot is unnecessary.

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