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PK0-004 · Question #50

A project manager has an opportunity to add a highly skilled expert to the team who can increase the probability of the project's success. Which of the following risk strategies should the project…

The correct answer is A. Exploitation. Adding a highly skilled expert to increase success probability is a positive risk (opportunity), and exploitation is the strategy used to ensure the opportunity is fully realized.

Project management concepts

Question

A project manager has an opportunity to add a highly skilled expert to the team who can increase the probability of the project’s success. Which of the following risk strategies should the project manager adopt?

Options

  • AExploitation
  • BAvoidance
  • CAcceptance
  • DMitigation

How the community answered

(14 responses)
  • A
    79% (11)
  • B
    7% (1)
  • D
    14% (2)

Why each option

Adding a highly skilled expert to increase success probability is a positive risk (opportunity), and exploitation is the strategy used to ensure the opportunity is fully realized.

AExploitationCorrect

Exploitation is a positive risk response strategy that aims to ensure the opportunity definitely occurs by actively securing the resource, action, or condition that creates the benefit. In this scenario, the project manager would take deliberate steps to bring the expert onto the team rather than leaving it to chance. This contrasts with sharing or enhancing strategies and is appropriate when the opportunity has a clear, direct path to realization.

BAvoidance

Avoidance is a negative risk response strategy used to eliminate a threat, not a strategy for capitalizing on a positive risk opportunity.

CAcceptance

Acceptance acknowledges a risk without taking action - it does not actively pursue or secure an opportunity like adding a skilled expert.

DMitigation

Mitigation is a negative risk response strategy that reduces the probability or impact of a threat and does not apply to positive risks.

Concept tested: Positive risk response strategies - exploitation

Source: https://www.pmi.org/learning/library/risk-response-strategies-opportunities-threats-6350

Topics

#positive risk#exploitation strategy#opportunity management#risk response

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