PK0-004 · Question #289
There is a high probability of a needed resource becoming unavailable. The project manager determines the impact to be low; therefore, the MOST likely response to the identified risk is to:
The correct answer is A. Accept it. When a risk has low impact, accepting it is the most appropriate response regardless of its probability, as the cost of other responses would outweigh the consequence of the risk occurring.
Question
There is a high probability of a needed resource becoming unavailable. The project manager determines the impact to be low; therefore, the MOST likely response to the identified risk is to:
Options
- AAccept it
- BAvoid it
- CMinimize it
- DMitigate it
How the community answered
(43 responses)- A74% (32)
- B7% (3)
- C5% (2)
- D14% (6)
Why each option
When a risk has low impact, accepting it is the most appropriate response regardless of its probability, as the cost of other responses would outweigh the consequence of the risk occurring.
Risk acceptance is the standard strategy when the impact of a risk is determined to be low. Even with high probability, investing resources to avoid, mitigate, or minimize the risk is not cost-effective when consequences are minimal. Acceptance acknowledges the risk exists and allows the project to continue without diverting resources to address it.
Avoidance is reserved for risks with high impact, as it requires changing the project plan to eliminate the threat entirely, which is excessive for a low-impact risk.
Minimizing the likelihood or impact of a risk requires active effort and resources, which is not justified when the impact has already been assessed as low.
Mitigation involves taking steps to reduce the probability or impact of a risk, which is unnecessary when the impact has already been assessed as low.
Concept tested: Risk response strategy selection based on impact
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok
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