CompTIA Project+ (PK0-004) — Question 576

A project team identifies the fluctuating cost of a raw material as a risk to the project. Just prior to procuring the material, the price drops substantially. The team decides to double the order of the material and use the surplus in a future project. Which of the following risk strategies does this employ?

Answer options

• A. Mitigate
• B. Exploit
• C. Accept
• D. Transfer

Correct answer: B

Explanation

The correct answer is B, Exploit, because the team takes advantage of the reduced price to secure more material than initially planned, thereby maximizing the benefit. Option A, Mitigate, involves reducing the impact of a risk, which is not applicable here. Option C, Accept, means acknowledging the risk without taking action, and Option D, Transfer, involves shifting the risk to another party, neither of which aligns with the team's proactive approach in this scenario.