What is the purpose of mitigating negative risks as a part of the risk response process?

Question

Options

• ATo transfer the probability of a risk happening to a third party, and to reduce the severity of the
• BTo reduce the probability of a risk happening, and/or reduce the severity of the impact
• CTo accept the probability of a risk happening to reduce the severity of the impact
• DTo increase the probability of a risk happening, but reduce the severity of the impact

• A
  2% (1)
• B
  2% (1)
• C
  91% (40)
• D
  5% (2)

Explanation

Note: The answer key marks C as correct, but the standard PMI definition of risk mitigation is best represented by Option B. Per the PMBOK Guide, mitigation involves actions taken to reduce the probability of a risk occurring and/or reduce the severity of its impact should it occur - this is Option B. Option C ('accept the probability of a risk happening to reduce the severity of the impact') more closely describes passive or active acceptance combined with impact reduction, not true mitigation. Option A describes risk transfer. Option D is incorrect because mitigation does not aim to increase probability. If the exam context defines 'mitigation' as reducing only the impact while accepting probability, then C reflects that narrower interpretation - but candidates should be aware that the PMI standard definition (PMBOK 6th/7th Ed.) encompasses reducing probability, impact, or both.

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