Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?

Question

Options

• AMitigate
• BTransfer
• CShare
• DAvoid

• A
  6% (3)
• B
  2% (1)
• C
  83% (43)
• D
  10% (5)

Explanation

Share (C) is correct because, in project management (PMBOK), Share is the positive risk response strategy where ownership of an opportunity is allocated to a third party - typically one best positioned to capture it, such as through a joint venture or partnership.

Why the distractors are wrong:

• Mitigate (A) applies to negative risks - it reduces the probability or impact of a threat, not an opportunity.
• Transfer (B) is also for negative risks - it shifts the financial burden of a threat to a third party (e.g., insurance or outsourcing). This is the most common distractor since "transfer" sounds similar to "share," but Transfer is threat-focused.
• Avoid (D) is a negative risk strategy that eliminates the threat entirely by changing the plan.

Memory tip: Pair the positive risk strategies as "EESA" - Exploit, Enhance, Share, Accept. For Share specifically, think: "share the opportunity like a joint venture" - you're bringing in a partner to help capture the upside. The key differentiator on exams is always: Share = positive risk, Transfer = negative risk, even though both involve a third party.

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