Which of the following response strategies are appropriate for negative risks or threats?
A.
Share, Accept, Transfer, or Mitigate
B.
Exploit, Enhance, Share, or Accept
C.
Mitigate, Share, Avoid, or Accept
D.
Avoid, Mitigate, Transfer, or Accept
The Answer Is:
D
This question includes an explanation.
Explanation:
According to the PMBOKĀ® Guide, specifically within the Plan Risk Responses process, there are distinct strategies for dealing with negative risks (threats) versus positive risks (opportunities).
Negative Risk Strategies (Threats):
Avoid: Changing the project management plan to eliminate the threat entirely (e.g., extending the schedule, changing the strategy, or reducing scope).
Mitigate: Taking action to reduce the probability of occurrence or the impact of a risk (e.g., using less complex processes, performing more tests, or choosing a more stable supplier).
Transfer: Shifting the impact of a threat to a third party, together with ownership of the response (e.g., insurance, performance bonds, or warranties). This usually involves paying a risk premium.
Accept: Acknowledging the risk but not taking any proactive action. Passive acceptance requires no action except documenting the strategy, while active acceptance usually involves establishing a contingency reserve.
Analysis of Other Options:
A. Share, Accept, Transfer, or Mitigate: " Share " is a strategy for positive risks (opportunities), not threats.
B. Exploit, Enhance, Share, or Accept: Exploit, Enhance, and Share are all strategies specifically for positive risks.
C. Mitigate, Share, Avoid, or Accept: Again, " Share " is an opportunity strategy, making this combination incorrect for a list of purely negative risk responses.
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