PMI-RMP · Question #50
Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally…
The correct answer is B. Exploiting. Exploiting is a risk response strategy used for positive risks (opportunities). It aims to eliminate uncertainty and ensure the opportunity is definitely realized. In this scenario, the team identified a positive risk (opportunity to save money) and took deliberate, proactive…
Question
Shawn is the project manager of the WHT Project for his company. In this project Shawn's team reports that they have found a way to complete the project work for less cost than what was originally planned. The project team presents a new software that will help to automate the project work. While the software and the associated training costs $25,000 it will save the project nearly $65,000 in total costs. Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?
Options
- AAvoidance
- BExploiting
- CAccepting
- DEnhancing
How the community answered
(37 responses)- A8% (3)
- B84% (31)
- C3% (1)
- D5% (2)
Explanation
Exploiting is a risk response strategy used for positive risks (opportunities). It aims to eliminate uncertainty and ensure the opportunity is definitely realized. In this scenario, the team identified a positive risk (opportunity to save money) and took deliberate, proactive action - purchasing the software - to guarantee the savings occur. This distinguishes it from Enhancing, which only increases the probability or impact of an opportunity without ensuring it. Avoiding and Accepting apply to negative risks (threats). Because Shawn changed the project management plan and committed resources to capture the benefit, this is a textbook Exploit response.
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