CompTIA Project+ Practice Test

If a positive project risk is identified during a meeting that is under the team's control, how should the team respond?

1. Accept the risk

2. Transfer the risk

3. Mitigate the risk

4. Exploit the risk

The correct answer is: Exploit the risk

When a positive project risk is identified that is within the team's control, the most effective response is to exploit the risk. This means the team takes proactive steps to ensure that they capitalize on the opportunity presented by the risk. Exploiting a positive risk involves leveraging the situation to create additional value for the project, which may include allocating more resources, enhancing project features, or accelerating timelines to embrace the opportunity. The goal is to maximize the benefits that could arise from the risk, ultimately leading to a more successful project outcome. In contrast, accepting the risk would involve acknowledging it without taking any action to capitalize on it, while transferring the risk would mean shifting responsibility to another party, which doesn’t capitalize on the opportunity at hand. Mitigating the risk generally applies to negative risks, aiming to reduce their impact or likelihood rather than taking advantage of the potential benefit. Therefore, actively exploiting the positive risk aligns with project management best practices and fosters an environment where opportunities are embraced for enhanced project success.