CGRC · Question #648
There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events? Response:
The correct answer is A. Acceptance. Acceptance is the only risk response strategy applicable to both positive (opportunities) and negative (threats) risk events, meaning the organization chooses not to change plans to deal with the risk. For opportunities, this means moving forward without actively pursuing…
Question
There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events? Response:
Options
- AAcceptance
- BMitigation
- CSharing
- DTransference
How the community answered
(41 responses)- A90% (37)
- B2% (1)
- C2% (1)
- D5% (2)
Why each option
Acceptance is the only risk response strategy applicable to both positive (opportunities) and negative (threats) risk events, meaning the organization chooses not to change plans to deal with the risk. For opportunities, this means moving forward without actively pursuing enhanced benefits, and for threats, it means moving forward without actively reducing their likelihood or impact.
Acceptance involves choosing not to act on a risk; for negative risks, this means acknowledging it but taking no action, and for positive risks, it means acknowledging the opportunity but not actively pursuing it further. This makes it suitable for both types of events.
Mitigation is a strategy specifically for negative risks, aiming to reduce their likelihood or impact.
Sharing is typically a strategy for positive risks (opportunities), where ownership and benefits are shared with a third party.
Transference is a strategy specifically for negative risks, shifting the responsibility for the risk to a third party.
Concept tested: Project risk response strategies
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