Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If your organization seizes this opportunity it would be an example of what risk response?
A.
Opportunistic
B.
Enhancing
C.
Positive
D.
Exploiting
Explanation:
This is an example of exploiting a positive risk – a by-product of a project is an excellent example of exploiting a risk.
What is exploit response? Hide
The exploit response is one of the strategies to negate risks or threats 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 option A is incorrect. Opportunistic is not a valid risk response.
Answer option C is incorrect. This is an example of a positive risk, but positive is not a risk response.
Answer option B is incorrect. Enhancing is a positive risk response that describes actions taken to increase the odds of a risk event to happen.
Reference: Chapter 11. A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition, ISBN:9781933890517, Section 11.5.2.2.