What will Jenny reply to you?

Jenny is the project manager of the NHJ Project for her company. She has identified several positive risk events within the project and she thinks these events can save the project time and money. You, a new team member wants to know that how many risk responses are available for a positive risk event. What will Jenny reply to you?

A.
Seven

B.
Three

C.
Acceptance is the only risk response for positive risk events.

D.
Four

Explanation:

Jenny replies that there are four risk responses for positive risk events. The risk response strategies for positive risks are as follows. Exploit. This strategy is preferred for risks with positive impacts where the organization desires to make sure that the opportunity is realized.
Share. Risk sharing deals with sharing of responsibility and accountability with others to facilitate the team with the best chance of seizing the opportunity.
Enhance. Risk enhancement raises the probability of an opportunity to take place by focusing on the trigger conditions of the opportunity and optimizing the chances.
Accept. It delineates that the project plan will not be changed to deal with the risk. Management may develop a contingency plan if the risk does occur. It is used for both negative and positive risks. Answer option C is incorrect. Acceptance is one of the four risk responses. Answer option B is incorrect. There are four risk responses for positive events, not just three. Answer option A is incorrect. There are seven total risk responses for positive and negative risk events. Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"