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PK0-005 · Question #144

During the course of a project, an unexpected event occurs that could ultimately benefit the company. Which of the following is the company employing if the company decides to take advantage of this…

The correct answer is A. Exploit. When an unexpected event arises that could benefit the company, the company is employing the 'exploit' strategy by deciding to take advantage of this positive opportunity.

Project Management Concepts

Question

During the course of a project, an unexpected event occurs that could ultimately benefit the company. Which of the following is the company employing if the company decides to take advantage of this opportunity?

Options

  • AExploit
  • BEnhance
  • CAccept
  • DMitigate

How the community answered

(58 responses)
  • A
    95% (55)
  • B
    3% (2)
  • D
    2% (1)

Why each option

When an unexpected event arises that could benefit the company, the company is employing the 'exploit' strategy by deciding to take advantage of this positive opportunity.

AExploitCorrect

Exploit is a risk response strategy for positive risks (opportunities) where the organization takes action to ensure the opportunity occurs, aiming to maximize its probability and impact.

BEnhance

Enhance is a risk response strategy for positive risks that involves increasing the probability and/or impact of an opportunity, but it does not mean taking full advantage to ensure occurrence.

CAccept

Accept is a risk response strategy that involves acknowledging a risk without taking proactive action to change its probability or impact, which is not actively pursuing a benefit.

DMitigate

Mitigate is a risk response strategy for negative risks (threats) to reduce their probability and/or impact, not for taking advantage of opportunities.

Concept tested: Positive risk response strategies

Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok

Topics

#Risk Management#Opportunity Response#Exploit Strategy#Project Risks

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