PMI Risk Management Professional (PMI-RMP) — Question 195

The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit margin. The project manager would like the risk manager to take full advantage of opportunities.

Which response should the risk manager take?

Answer options

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

Correct answer: D

Explanation

The correct response is to 'Exploit' opportunities, as it means taking proactive steps to maximize positive outcomes. Accepting, mitigating, or transferring risks does not focus on capitalizing on opportunities, which is essential in this scenario where the project needs to enhance its financial situation.