PK0-004 · Question #652
A project team is brainstorming and documenting what might go wrong in a project, the possible impact, and potential actions should certain situations arise. Which of the following contains actions…
The correct answer is B. Accept, mitigate, transfer. The risk response strategies of accept, mitigate, and transfer represent the standard options a project team considers when determining how to handle identified risks.
Question
A project team is brainstorming and documenting what might go wrong in a project, the possible impact, and potential actions should certain situations arise. Which of the following contains actions the team is MOST likely to consider?
Options
- AIdentify, collaborate, quantify
- BAccept, mitigate, transfer
- CStop, review, plan
- DPrioritize, qualify, engage
How the community answered
(50 responses)- A2% (1)
- B86% (43)
- C4% (2)
- D8% (4)
Why each option
The risk response strategies of accept, mitigate, and transfer represent the standard options a project team considers when determining how to handle identified risks.
Identify, collaborate, and quantify describe parts of the risk analysis process, not the response actions taken once risks are identified.
When a project team identifies risks and their potential impacts, they evaluate response strategies: accepting the risk (acknowledging it without action), mitigating it (reducing probability or impact), or transferring it (shifting responsibility to a third party such as through insurance or contracts). These are formally recognized risk response strategies in project management frameworks like PMBOK.
Stop, review, and plan are generic process steps and do not represent recognized risk response strategies.
Prioritize, qualify, and engage are terms related to risk analysis and stakeholder management, not standard risk response actions.
Concept tested: Risk response strategies - accept, mitigate, transfer
Source: https://www.pmi.org/learning/library/risk-response-strategies-11148
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