A qualitative analysis identified a server crash as an internal project risk with a medium probability
and high adverse impact to the project. The project manager decides to manage this risk by
authorizing the purchase and installation of a tape backup unit for the server, to prevent the
potential loss of documents. Which of the following risk response strategies was applied in this
circumstance?
A.
Acceptance
B.
Transfer
C.
Mitigation
D.
Avoidance
Admin: Answer should be C. The PM mitigated the loss of damage by having the data backup.
Mitigate : Reducing the impact or the probability of the risk
Accept : Choosing to accept the consequences of the risk
The strategies associated with positive risks or opportunities include the following:
Exploit : Looking for opportunities to take advantage of positive impacts
Share : Assigning the risk to a third party who is best able to bring about the
opportunity
Enhance : Monitoring the probability or impact of the risk event to assure benefits are
realized
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Michael, I think you are wrong: the server crash is the risk in question, not the loss of data. In this case the PM is accepting this risk because he doesn’t do anything to stop the system from crashing. He simply accepts the fact that it may happen. Getting the backup tape is mittigating the risk of data loss not the risk of the system crashing.
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