Strategies for Meeting Project Deadlines

A.

The strategy that the project manager is trying to apply in this situation is "exploit."

Exploit is a risk response strategy that involves taking advantage of an opportunity that arises from a risk event to increase the probability of achieving project objectives. In this case, the risk event is the possibility of the project not being completed on time due to the lack of resources or expertise.

By negotiating to bring the experienced person to the team, the project manager is taking advantage of the opportunity to increase the likelihood of completing the project on time. The experienced person could help to speed up the project work and possibly bring new ideas or approaches that could make the project more efficient.

It's worth noting that the other risk response strategies are:

• Mitigate: reducing the probability and/or impact of a risk event. For example, identifying the causes of the delay and taking corrective actions to address them.
• Accept: acknowledging the risk event and its potential impact, but choosing not to take any action to respond to it. For example, if the cost of hiring the experienced person is too high or if it's not possible to bring them on board in time.
• Transfer: shifting the responsibility for managing the risk event to another party. For example, outsourcing the work to a third-party vendor or subcontractor who has the required expertise and resources.

In summary, by choosing to negotiate to bring an experienced person on board to help with the project work, the project manager is applying the exploit risk response strategy to increase the chances of completing the project on time.