Certified in Risk and Information Systems Control (CRISC) — Question 1045

You are the project manager of GHT project. You have identified a risk event on your current project that could save $670,000 in project costs if it occurs. Your organization is considering hiring a vendor to help establish proper project management techniques in order to assure it realizes these savings. Which of the following statements is TRUE for this risk event?

Answer options

• A. This risk event should be accepted because the rewards outweigh the threat to the project.
• B. This risk event should be mitigated to take advantage of the savings.
• C. This risk event is an opportunity to the project and should be exploited.
• D. This is a risk event that should be shared to take full advantage of the potential savings.

Correct answer: C

Explanation

The correct answer is C because the risk event presents an opportunity that could lead to significant savings if leveraged properly. Options A and B suggest acceptance or mitigation, which do not capitalize on the potential benefits of the opportunity. Option D implies sharing the risk, which is not the best strategy for realizing savings directly associated with an opportunity.