Project Management

Please login or join to subscribe to this thread

help in this risk question

linkedin twitter facebook  
avatar
Mohamed Afify PM Specialist| Gulf Builder Trading & Contracting Co. Ltd. Damam, Safa, Saudi Arabia
82-Smith is the project manager of KAA project. He and the team identified the all knowable risks in the
project. He noticed that one opportunities with high probabilities and impacts. How can he manage
these opportunities to ensure it realized.
A- Buy insurance.
B- Mitigate.
C- Assign Contingency reserve.
D- Accept

what is the suitable technique for opportunities from these choices
Sort By:
< 1 2 >
avatar
Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Mohamed -

The first three responses all relate to threats or negative risks. Since we are looking at opportunities which are positive risks, Accept would be the only correct response as that response strategy is shared by both positive & negative risks. Share, exploit or enhance would be the other valid responses for opportunities as per the Fifth Edition of the PMBOK Guide.

Kiron
avatar
Mahabubur Rahman Project Manager Structures-Bridges| Department of Infrastructure, Government of Nothwest Territories Yellowknife, Northwest Territories, Canada
Ans: Accept
avatar
Dinah Young Project Manager / Software Asset Manager| Prince William County Springfield, Va, United States
Agree with Accept
avatar
Gaurav Singla Project Manager| IBM Faridabad, Haryana, India
Yes. Considering the given options it should be Accept.
avatar
Rajendra Nirgudwar Project Management Expert | ARM Infrprojects Pvt. Ltd Chandrapur, Maharashtra, India
Positive event must be exploit , therefore Accept is correct
avatar
Vincent Guerard Coach - Trainer - Speaker - Advisor| Freelance Mont-Royal, Quebec, Canada
Only possible answer is Accept, well explain by Kiron
avatar
Najam Mumtaz Retired Lahore, Punjab, Pakistan
Accept
avatar
Ravi Gupta Project Manager| Bharat Electronics Ltd. Bangalore Rural, Karnataka, India
Accept
avatar
Adnan Shareef EPMO Director| JEDCO (Jeddah Airports Company) Jeddah, Saudi Arabia
Kiron analyzed the Q accurately.

It should be Accept
avatar
Carl Pro Chief Operations Officer| ProCHEM LLC Monroeville, Pa, United States
Of the 4 responses "Accept" is the correct answer. However Acceptance is never the optimum strategy for Opportunities as they rarely occur without specific action. Share, exploit or enhance would be more appropriate strategies to ensure that an opportunity occurs.
< 1 2 >

Please login or join to reply

Content ID:
ADVERTISEMENTS

"The one thing that can solve most of our problems is dancing."

- James Brown

ADVERTISEMENT

Sponsors







Vendor Events

See all Vendor Events

Newsletters

Jun 3: The Career Problem Facing New PMs
May 20: Your PM Career as a Project Life Cycle
May 13: The Big Lie After Layoffs

See all newsletters