PMI Risk Management Professional (PMI-RMP) — Question 1

What is the purpose of mitigating negative risks as a part of the risk response process?

Answer options

• A. To transfer the probability of a risk happening to a third party, and to reduce the severity of the impact
• B. To reduce the probability of a risk happening, and/or reduce the severity of the impact
• C. To accept the probability of a risk happening to reduce the severity of the impact
• D. To increase the probability of a risk happening, but reduce the severity of the impact

Correct answer: B

Explanation

The correct answer, B, focuses on both decreasing the likelihood of a risk and minimizing its potential impact, which is essential in risk management. Option A discusses transferring risk rather than mitigating it, while C suggests acceptance rather than proactive reduction. Option D incorrectly states that the probability of a risk should be increased, which contradicts the goal of risk mitigation.