Shawn is the project manager of the HWT project. In this project Shawn’s team reports that they
have found a way to complete the project work cheaply than what was originally estimated earlier.
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 the project management plan accordingly. What
type of risk response had been used by him?
A.
Avoiding
B.
Accepting
C.
Exploiting
D.
Enhancing
Explanation:
A risk event is been exploited so as to identify the opportunities for positive impacts. 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 for positive impact on a
project. Assigning more talented resources to the project to reduce the time to completion is an
example of exploit response.
Answer B is incorrect. Accepting is a risk response that is appropriate for positive or negative risk
events. It does not pursue the risk, but documents the event and allows the risk to happen. Often
acceptance is used for low probability and low impact risk events.
Answer A is incorrect. To avoid a risk means to evade it altogether, eliminate the cause of the risk
event, or change the project plan to protect the project objectives from the risk event.
Answer D is incorrect. Enhancing is a positive risk response that aims to increase the probability
and/or impact of the risk event.