You are the project manager of GRT project. You discovered that by bringing on more qualified
resources or by providing even better quality than originally planned, could result in reducing the
amount of time required to complete the project. If your organization seizes this opportunity it
would be an example of what risk response?
A.
Enhance
B.
Exploit
C.
Accept
D.
Share
Explanation:
Exploit response is one of the strategies to negate risks or threats that appear in a project. This
strategy may be selected for risks with positive impacts where the organization wishes to ensure
that the opportunity is realized. Exploiting a risk event provides opportunities forpositive impact on
a project. Assigning more talented resources to the project to reduce the time to completion is an
example of exploit response.
Answer D is incorrect. – The share strategy is similar as transfer because in this a portion of the
risk is shared with an external organization or another internal entity.
Answer A is incorrect. The enhance strategy closely watches the probability or impact of the risk
event to assure that the organization realizes the benefits. The primary point of this strategy is to
attempt to increase the probability and/or impact of positiveAnswer C is incorrect. Risk acceptance
means that no action is taken relative to a particular risk; loss is accepted if it occurs.