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ExamsPK0-004Questions#50
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PK0-004 · Question #50

PK0-004 Question #50: Real Exam Question with Answer & Explanation

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.

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

Explanation

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.

Common mistakes.

  • B. Avoidance is a negative risk response strategy used to eliminate a threat, not a strategy for capitalizing on a positive risk opportunity.
  • C. Acceptance acknowledges a risk without taking action - it does not actively pursue or secure an opportunity like adding a skilled expert.
  • D. 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

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

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