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PK0-003 · Question #187

Which of the following is an appropriate response to an expected risk opportunity?

The correct answer is B. Exploiting. For an expected risk opportunity, the appropriate response strategy is exploiting, which involves taking proactive action to ensure the opportunity is realized.

Project management concepts

Question

Which of the following is an appropriate response to an expected risk opportunity?

Options

  • AMitigation
  • BExploiting
  • CAcceptance
  • DAvoidance

How the community answered

(46 responses)
  • A
    4% (2)
  • B
    93% (43)
  • C
    2% (1)

Why each option

For an expected risk opportunity, the appropriate response strategy is exploiting, which involves taking proactive action to ensure the opportunity is realized.

AMitigation

Mitigation is a risk response strategy for negative risks (threats) to reduce the probability or impact of the risk event.

BExploitingCorrect

Exploiting is a risk response strategy specifically for positive risks, or opportunities, where the organization takes proactive steps to ensure that the opportunity occurs and its benefits are fully realized. This involves assigning resources or taking actions to increase the probability and positive impact of the opportunity.

CAcceptance

Acceptance is a risk response strategy for both threats and opportunities, where the project team decides to not take any proactive action, either to deal with a threat or to pursue an opportunity.

DAvoidance

Avoidance is a risk response strategy for negative risks (threats) to eliminate the threat or protect the project from its impact.

Concept tested: Risk response strategies - opportunities

Source: https://www.pmi.org/learning/library/project-risk-management-strategies-techniques-6264

Topics

#Risk response#Risk opportunity#Exploiting risk

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