CAPM Risk Responses Flashcards
1
Q
The risk is outside of the project scope and is escalated to management
A
Escalate
2
Q
Avoid the risk
A
Avoidance
3
Q
Mitigation
A
Reduce the probability of the risk event
4
Q
The risk may be small so the risk may be allowed
A
Acceptance
5
Q
Risk ownership is transferred to a 3rd party, usually for a fee
A
Transference
6
Q
A positive risk strategy to increase the probability/ impact of the opportunity of the project
A
Enhance
7
Q
A positive risk that a project wants to take advantage of
A
Exploit
8
Q
A positive risk that can be shared within the organization or other projects
A
Share
