ExpertHard1 markMultiple Choice
PMP · Question 09 · Task 3: Assess and manage risks
A project manager is dealing with two different risks. For Risk A (potential hardware theft), they purchase an insurance policy. For Risk B (potential failure of a new technology), they build a prototype to test feasibility. Which TWO risk response strategies are being used?
A project manager is dealing with two different risks. For Risk A (potential hardware theft), they purchase an insurance policy. For Risk B (potential failure of a new technology), they build a prototype to test feasibility. Which TWO risk response strategies are being used?
Answer options:
A.
Risk A: Avoid
B.
Risk B: Accept
C.
Risk A: Transfer
D.
Risk B: Mitigate
E.
Risk A: Mitigate
F.
Risk B: Avoid
How to approach this question
Match the action to the strategy definition. Insurance = Transfer. Prototyping/Testing = Mitigate.
Full Answer
C,D
Transfer involves shifting responsibility (financial or management) to a third party. Mitigation involves action to reduce probability or impact.
Common mistakes
Thinking insurance 'mitigates' risk (in PM terms, it transfers it).
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