CRISC: Certified in Risk and Information Systems ControlDemo

Question

Ben is the project manager for his organization’s CMH Project. He identifies a risk with a low probability of occurring, but whose occurrence could save the project and organization a significant amount of capital. Ben assigns Laura to the risk event and directs her to research the time, cost, and method for increasing the probability of the positive risk event. Ben then communicates the risk event and response to management. Which risk response has been used?

A Transference
B Enhance
C Exploit
D Sharing

Explanation

Risk enhancement is a response strategy for an opportunity that increases its probability of occurrence or its positive impact. Researching the time, cost, and method to raise the likelihood of a beneficial event is therefore enhancement, rather than exploitation, which aims to ensure the opportunity occurs.

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PMI Lexicon of Project Management Terms

CRISC: Certified in Risk and Information Systems ControlDemo

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Notes

Readiness

QuestionQ1406

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