There are seven risk responses for any project. Which one of the following is a valid risk response for a negative risk event?

A.
Share

B.
Acceptance

C.
Exploit

D.
Enhance

Explanation:

Among the given choices only acceptance response can be used for a negative risk event. 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 options C, D, and A are incorrect. Exploit, enhance, and share risk responses are used to deal with opportunities or positive risks.

Reference: Chapter 11. A Guide to the Project Management Body of Knowledge, (PMBOK Guide), Fourth Edition, ISBN:9781933890517, Section 11.5.2.