PMP (Project Management Professional) · Question
A project manager is facing significant uncertainty regarding future regulatory changes. Which risk response strategy is best suited for this situation?
Acceptance is suitable when the risk cannot be eliminated or mitigated easily, or when the impact is deemed tolerable. Monitoring is still required.
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Question: A project manager is facing significant uncertainty regarding future regulatory changes. Which risk response strategy is best suited for this situation?
Answer options:
- Mitigate ✅ Accept
- Avoid
- Exploit
Correct answer: Accept
Explanation: Acceptance is suitable when the risk cannot be eliminated or mitigated easily, or when the impact is deemed tolerable. Monitoring is still required.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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