Which of the following is a strategy to deal with positive risks or opportunities?

The correct answer is C. Exploit. Exploit is the correct answer because it is one of the four strategies specifically designed for positive risks (opportunities) in project management - the goal is to ensure the opportunity definitely occurs, maximizing its benefit to the project. The distractors (A, B, D) all…

Risk Management

Question

Options

AMitigate
BTransfer
CExploit
DAvoid

How the community answered

(22 responses)

A
5% (1)
B
5% (1)
C
82% (18)
D
9% (2)

Explanation

Exploit is the correct answer because it is one of the four strategies specifically designed for positive risks (opportunities) in project management - the goal is to ensure the opportunity definitely occurs, maximizing its benefit to the project.

The distractors (A, B, D) all belong to negative risk (threat) response strategies: Mitigate reduces the probability or impact of a threat; Transfer shifts the financial consequence to a third party (e.g., insurance); and Avoid eliminates the threat entirely by changing the plan. None of these make sense for an opportunity you want to capitalize on.

Memory tip: Think of the four opportunity strategies as E-S-E-A - Exploit, Share, Enhance, Accept - and pair them against the four threat strategies (Avoid, Transfer, Mitigate, Accept). "Exploit" rhymes with "enjoy" - you exploit an opportunity because you want it to happen.

Topics

#positive risk strategies#opportunities#exploit strategy#risk response planning

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