A project needs two more months of work to be completed, but the deadline is in 35 days. The project manager heard the company recently hired an experienced person. The project manager scheduled a…

The correct answer is A. Exploit. Exploit is an opportunity response strategy used when a team wants to ensure an opportunity is realized. Here, the experienced new hire represents a positive opportunity-adding this person could help compress the schedule and meet the deadline. The project manager is…

Project management concepts

Question

A project needs two more months of work to be completed, but the deadline is in 35 days. The project manager heard the company recently hired an experienced person. The project manager scheduled a meeting with the functional manager to negotiate bringing the experienced person to the team. Which of the following strategies is the project manager trying to apply?

Options

AExploit
BMitigate
CAccept
DTransfer

How the community answered

(24 responses)

A
75% (18)
B
8% (2)
C
13% (3)
D
4% (1)

Explanation

Exploit is an opportunity response strategy used when a team wants to ensure an opportunity is realized. Here, the experienced new hire represents a positive opportunity-adding this person could help compress the schedule and meet the deadline. The project manager is proactively acting to capture that opportunity by negotiating access to the resource. This contrasts with threat response strategies: Mitigate reduces the probability or impact of a threat, Accept acknowledges a risk without action, and Transfer shifts risk responsibility to a third party. All three are threat strategies, not opportunity strategies.

Topics

#risk response#opportunity strategies#exploit#resource management

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