Certified in Risk and Information Systems Control (CRISC) — Question 632

You are the project manager of GHT project. You have identified a risk event on your project that could save $100,000 in project costs if it occurs. Which of the following statements BEST describes this risk event?

Answer options

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

Correct answer: D

Explanation

The correct answer is D because the risk event presents a potential benefit rather than just a threat, making it an opportunity that should be leveraged. Options A, B, and C focus on risk management strategies that do not align with the positive nature of the identified risk event, which is aimed at cost savings.