Which risk response is applied on a pain/gain basis?
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A. B. C. D.A.
https://www.prince2primer.com/prince2-2017-risk-responses-and-planning/The risk response that is applied on a pain/gain basis is option C, "Exploit."
Exploit is a risk response strategy that is used for positive risks or opportunities, also known as opportunities that can bring benefits or gains to the project. This strategy is used to ensure that the project team maximizes the potential benefits of a particular opportunity by taking advantage of it.
The "pain/gain" principle is used to weigh the potential positive benefits against the possible negative consequences of a risk. In this approach, if the potential gain outweighs the possible pain, then the project team should exploit the opportunity. However, if the pain is greater than the potential gain, then the project team should take a different risk response strategy.
For example, suppose a new technology emerges that could help the project team deliver the project scope faster and with less cost. The team can apply the exploit risk response by adopting the technology, training the team members to use it, and using it to complete the project. The potential gain of faster and less costly delivery outweighs the possible pain of training and implementation.
In summary, exploit is a risk response strategy that is applied on a pain/gain basis to maximize the potential benefits of positive risks or opportunities.