PK0-005 · Question #3
An opportunity emerged in the middle of a project life cycle. Which of the following is the BEST action for the project manager to take?
The correct answer is A. Exploit the risk. In risk management, opportunities (positive risks) have four response strategies: Exploit, Enhance, Share, and Accept. 'Exploit' is the most aggressive and proactive strategy - it means taking deliberate action to ensure the opportunity definitely occurs, maximizing benefit to…
Question
An opportunity emerged in the middle of a project life cycle. Which of the following is the BEST action for the project manager to take?
Options
- AExploit the risk.
- BAccept the risk.
- CAvoid the risk.
- DTransfer the risk.
How the community answered
(46 responses)- A72% (33)
- B4% (2)
- C17% (8)
- D7% (3)
Explanation
In risk management, opportunities (positive risks) have four response strategies: Exploit, Enhance, Share, and Accept. 'Exploit' is the most aggressive and proactive strategy - it means taking deliberate action to ensure the opportunity definitely occurs, maximizing benefit to the project. Since an opportunity has emerged mid-project, the BEST action is to exploit it to realize its full value. 'Accept' would mean doing nothing and hoping it happens. 'Avoid' and 'Transfer' are threat (negative risk) strategies, not opportunity strategies, making them incorrect choices here.
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