PMP (Project Management Professional) · Question
A project manager is facing uncertainty regarding future market conditions that could affect project success. Which risk response strategy is best suited for this situation if the impact is negative?
Mitigation aims to reduce the probability and/or impact of a negative risk event to an acceptable threshold.
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Question: A project manager is facing uncertainty regarding future market conditions that could affect project success. Which risk response strategy is best suited for this situation if the impact is negative?
Answer options:
- Exploit ✅ Mitigate
- Enhance
- Accept
Correct answer: Mitigate
Explanation: Mitigation aims to reduce the probability and/or impact of a negative risk event to an acceptable threshold.
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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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