Jane is the project manager of the GBB project for her company. In the current project a vendor has offered the project a ten percent discount based if they will order 100 units for the project. It is possible that the GBB Project may need the 100 units, but the cost of the units is not a top priority for the project. Jane documents the offer and tells the vendor that they will keep the offer in mind and continue with the project as planned. What risk response has been given in this project?

A.
Exploiting

B.
Enhance

C.
Acceptance

D.
Sharing

Explanation:

Accepting happens when the risk is acknowledged but it is not necessarily pursued in the project. Jane will accept the discount if the project needs the 100 units, but she is not ensuring that the order will happen.

Acceptance response is a part of Risk Response planning process. Acceptance response delineates that the project plan will not be changed to deal with the risk. Management may develop a contingency plan if the risk does occur. Acceptance response to a risk event is a strategy that can be used for risks that pose either threats or opportunities. Acceptance response can be of two types:

Passive acceptance: It is a strategy in which no plans are made to try or avoid or mitigate the risk. Active acceptance: Such responses include developing contingency reserves to deal with risks, in case they occur.

Acceptance is the only response for both threats and opportunities.

Answer option B is incorrect. Enhance tries to increase the probability and/or impact of the event.

Answer option D is incorrect. Sharing happens when the project manager shares the ownership of the positive risk event.

Answer option A is incorrect. Exploiting happens when the project manager eliminates the uncertainty of the risk to ensure that the positive risk will happen.

Reference: "Project Management Body of Knowledge (PMBOK Guide), Fourth Edition"