One project in a program needs to be completed in 6 months because there is a large bonus for early completion. Consequently, the program manager transfers all resources to this project and arranges…

The correct answer is D. Exploit. Exploit is a positive risk (opportunity) response strategy that aims to ensure the opportunity is realized with certainty by eliminating the uncertainty associated with it. By redirecting all resources and authorizing overtime specifically to guarantee early completion and…

Risk Strategy and Planning

Question

One project in a program needs to be completed in 6 months because there is a large bonus for early completion. Consequently, the program manager transfers all resources to this project and arranges for employees to receive overtime pay. Which risk response strategy is the program manager using in this scenario?

Options

AEscalate
BTransfer
CEnhance
DExploit

How the community answered

(37 responses)

A
16% (6)
B
3% (1)
C
8% (3)
D
73% (27)

Explanation

Exploit is a positive risk (opportunity) response strategy that aims to ensure the opportunity is realized with certainty by eliminating the uncertainty associated with it. By redirecting all resources and authorizing overtime specifically to guarantee early completion and capture the bonus, the program manager is actively exploiting the opportunity. Escalate (A) would pass the opportunity to a higher authority. Transfer (B) is a threat response that shifts risk ownership to a third party. Enhance (C) increases the probability or impact of an opportunity but does not guarantee it-making Exploit the stronger, more deliberate choice when certainty is the goal.

Topics

#Exploit strategy#Positive risk response#Opportunity management#Risk response planning

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