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PMI-RMP · Question #237

Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money…

The correct answer is A. Four. The PMBOK Guide identifies four risk response strategies for positive risks: Exploit, Share, Enhance, and Accept.

Risk Strategy and Planning

Question

Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?

Options

  • AFour
  • BThree
  • CSeven
  • DAcceptance is the only risk response for positive risk events.

How the community answered

(45 responses)
  • A
    91% (41)
  • B
    2% (1)
  • C
    4% (2)
  • D
    2% (1)

Why each option

The PMBOK Guide identifies four risk response strategies for positive risks: Exploit, Share, Enhance, and Accept.

AFourCorrect

PMI defines exactly four strategies for responding to positive risks: Exploit (eliminate uncertainty to ensure the opportunity is realized), Share (transfer ownership to a third party better positioned to capture the benefit), Enhance (increase the probability or positive impact of the opportunity), and Accept (be willing to take advantage if the opportunity arises without actively pursuing it). These four strategies provide a complete toolkit for managing opportunities. All four are tested on the PMP exam and must be distinguished from the strategies used for negative risks.

BThree

Three is incorrect; the PMBOK Guide specifically enumerates four strategies for positive risks, not three.

CSeven

Seven is not a recognized total for positive risk response strategies in any edition of the PMBOK Guide.

DAcceptance is the only risk response for positive risk events.

Acceptance is only one of four valid strategies for positive risks; active strategies such as Exploit and Enhance are frequently preferred when an opportunity has high value.

Concept tested: Four risk response strategies for positive risks (opportunities)

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

Topics

#Positive Risk Responses#Opportunity Management#Risk Response Planning#Risk Strategies

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