Which of the following is the BEST action for the project manager to take?

An opportunity emerged in the middle of a project life cycle.

Which of the following is the BEST action for the project manager to take?
A . Exploit the risk.
B. Accept the risk.
C. Avoid the risk.
D. Transfer the risk.

View Answer

Answer: A

Explanation:

The project manager should exploit the risk after an opportunity emerged in the middle of a project life cycle.

Exploit is a risk response strategy that aims to increase the probability and/or impact of a positive risk or opportunity. Exploit can involve actions such as allocating more resources, changing the scope or schedule, or adding more features or benefits to the project deliverables. Exploit can help to ensure that the opportunity is realized and that the project gains more value or advantage from it3