PGMP · Question #346
The software development company has recently been awarded a large contract to create a new animation software program. This will require the company to move into a new office complete with production
The correct answer is A. Accept. Risk acceptance is a response strategy where the project team decides not to change the project plan to deal with a risk, instead choosing to deal with the consequences if and when the risk occurs. This can be passive (no action taken, just acknowledge) or active (establish a con
Question
The software development company has recently been awarded a large contract to create a new animation software program. This will require the company to move into a new office complete with production facilities twice their current size. The schedule is tight for this new project. The new facility is behind schedule with the cubicles and network wiring on pace to finish three weeks late. If this can't be done on time and will slip three weeks, the company has decided there is nothing it can do, and it will simply deal with the consequences. This is an example of what type of risk response?
Options
- AAccept
- BAvoid
- CMitigate
- DTransfer
How the community answered
(27 responses)- A85% (23)
- B7% (2)
- C4% (1)
- D4% (1)
Explanation
Risk acceptance is a response strategy where the project team decides not to change the project plan to deal with a risk, instead choosing to deal with the consequences if and when the risk occurs. This can be passive (no action taken, just acknowledge) or active (establish a contingency plan). In this scenario, the company explicitly decides there is nothing it can do and will simply deal with the consequences - this is passive acceptance. Avoidance would change the plan to eliminate the risk; mitigation would reduce probability/impact; transfer would shift the risk to a third party.
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