During the planning phase of a project, the team identifies a low-impact risk that is unlikely to occur. The project manager decides not to take any action but will monitor the risk and address it if it occurs. Which risk response strategy is the project manager applying?
Accept
Transfer
Avoid
Mitigate
The project manager is using the Accept risk response strategy. Accepting a risk means acknowledging its existence but not taking proactive measures unless the risk materializes. This approach is suitable for risks with low probability and low impact. Avoid involves changing plans to eliminate the risk entirely, which is not the case here. Mitigate means taking steps to reduce the risk's probability or impact before it happens, which the project manager is not doing. Transfer involves shifting the risk to a third party, such as through insurance, which isn't occurring in this scenario.
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
All IT & Cybersecurity Package plans include the following perks and exams .
Our pricing is simple. Full access to all certifications and exams in each package, for one price.
As many practice tests for as many topics as you want.
Use study mode non-stop, no limits.
Access to our AI assistant, Bash, trained to help you pass your exam.
Track your scores over time in study mode and report cards.
See how you improve over time, and where you need to focus.
Access our store with even bigger discounts than before.
Unlimited access to all performance questions and be prepared for the real thing.
All IT & Cybersecurity Package plans include unlimited access to the following study materials.
Create an account or sign in to access our study materials.