Jenny is the project manager of the NHJ Project for her company.
She has identified several positive risk events within the project and she thinks these events can save the project time and money.
You, a new team member wants to know that how many risk responses are available for a positive risk event.
What will Jenny reply to you?
Click on the arrows to vote for the correct answer
A. B. C. D.A.
Jenny is the project manager of the NHJ Project and has identified several positive risk events within the project. Positive risk events are events that can have a positive impact on the project objectives, such as saving time and money. These events are also known as opportunities.
In risk management, there are four basic risk responses that can be applied to any identified risk event. These responses are as follows:
Avoid: This involves taking actions to eliminate the risk or to change the project plan to avoid the risk altogether.
Transfer: This involves transferring the risk to a third party, such as through insurance or outsourcing.
Mitigate: This involves taking actions to reduce the likelihood or impact of the risk.
Accept: This involves accepting the risk and its consequences.
For positive risk events, the only response available is to accept the risk. This is because positive risks are events that are already beneficial to the project, so there is no need to avoid, transfer, or mitigate them.
Therefore, the correct answer to the question is option C: Acceptance is the only risk response for positive risk events.