MemotivaPMP Exam Flashcards: Risk Management, Identification, Analysis, Response Strategies

What are the risk response strategies for positive risks (opportunities)?

PMP Exam Flashcards: Risk Management, Identification, Analysis, Response Strategies

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What are the risk response strategies for positive risks (opportunities)?

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The four strategies for positive risks or opportunities are exploit, share, enhance, and accept. Exploit ensures the opportunity is realized, such as assigning the best team members to capitalize on a new technology advantage. Share allocates ownership to a third party best positioned to capture the opportunity, such as forming a joint venture. Enhance increases the probability or impact of the opportunity, such as adding resources to accelerate a feature that would provide competitive advantage. Accept takes no proactive action but acknowledges the opportunity if it occurs.
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