There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on…

The correct answer is B. Acceptance. Acceptance is the only risk response that applies to both threats (negative risks) and opportunities (positive risks). For threats, passive acceptance means doing nothing proactively and dealing with the risk if it occurs; active acceptance sets aside contingency reserves. For…

Risk Strategy and Planning

Question

There are seven risk responses, a project manager can use to address risk events. Which one of the following is a risk response that is appropriate for positive or negative risk events depending on the scenario in the project?

Options

AAvoidance
BAcceptance
CSharing
DTransference

How the community answered

(47 responses)

A
6% (3)
B
87% (41)
C
4% (2)
D
2% (1)

Explanation

Acceptance is the only risk response that applies to both threats (negative risks) and opportunities (positive risks). For threats, passive acceptance means doing nothing proactively and dealing with the risk if it occurs; active acceptance sets aside contingency reserves. For opportunities, accepting means being willing to take advantage of the opportunity if it arises without actively pursuing it. Avoidance and Transference are only for threats; Sharing is only for opportunities.

Topics

#Risk response strategies#Acceptance risk response#Threat responses#Opportunity responses

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