A risk manager is reviewing documentation for a project following a risk planning workshop with project stakeholders and team members. Several items have been identified on the risk log that would be

Question

Options

• AMitigate
• BAccept
• CEnhance
• DExploit

• A
  2% (1)
• B
  83% (44)
• C
  4% (2)
• D
  11% (6)

Explanation

One of the tasks in the domain of Risk Response is to recommend risk response strategies based on the risk appetite and tolerance of the organization and stakeholders. One of the strategies for negative risks or threats is risk acceptance, which involves acknowledging the existence of a threat and making a conscious decision to accept it without taking any action. In this scenario, the risk manager should recommend risk acceptance for the risk items that would be detrimental to project success, but the associated triggers cannot be managed by the organization and are unlikely to occur. Risk acceptance is appropriate when the risk exposure is low, the cost of other responses is high, or the risk response is outside the scope or influence of the project. The risk manager should not recommend risk mitigation, which involves reducing the probability and/or impact of a threat. The risk manager should not recommend risk enhancement, which is a strategy for positive risks or opportunities, not negative risks or threats. The risk manager should not recommend risk exploitation, which is also a strategy for positive risks or opportunities, not negative risks or threats.

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