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Marsha is the project manager of the NHQ Project. There's a risk that her project team has identified, which could cause the project to be late by more than a month. Marsha does not want this risk event to happen so she devises extra project activities to ensure that the risk event will not happen. The extra steps, however, will cost the project an additional $10,000. What type of risk response is this approach?
Suggested Answer: A
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25 comments · newest first
FA
Farrah
10 months ago
Not sure if that's the best use of funds, though.
CO
Corrina
11 months ago
Mitigation is all about reducing the impact of risks.
TA
Tamala
11 months ago
Wait, $10,000 just to avoid a month delay? Seems steep!
MA
Matthew
11 months ago
Agreed, mitigation makes the most sense here.
LE
Leanora
11 months ago
That's definitely mitigation! Extra steps to reduce risk.
MI
Micheal
11 months ago
I thought enhancing was about improving opportunities, not risks. So, I guess that rules out option C for me.
JU
Junita
12 months ago
This reminds me of a practice question where we had to identify risk responses. I feel like mitigation is the right answer, but I could be wrong.
CE
Celia
12 months ago
I'm not entirely sure, but I remember something about transference being when you shift the risk to someone else. That doesn't seem to fit here.
JU
Justine
12 months ago
I think this is about risk mitigation since Marsha is taking extra steps to reduce the likelihood of the risk happening.
DA
Dana
12 months ago
The way I see it, mitigation is about reducing the probability of the risk event occurring, while enhancing is more about reducing the impact if the risk does happen. Since Marsha is trying to prevent the risk event entirely, this seems like a clear-cut mitigation strategy.
VE
Verda
12 months ago
I'm a little confused on the difference between mitigation and enhancing. Isn't enhancing also about taking steps to reduce the impact of a risk? How do I know which one this is?
FR
Francene
1 year ago
Hmm, I'm a bit unsure here. The extra steps are costing the project $10,000, so I'm wondering if that could be considered a form of transference instead, where the risk is transferred to the project budget.
EL
Elouise
1 year ago
This seems like a straightforward risk mitigation question. Marsha is taking extra steps to ensure the risk event doesn't happen, which aligns with the definition of mitigation.
DE
Denae
1 year ago
I think the key here is that Marsha is trying to prevent the risk event from happening, rather than just accepting the risk or transferring it. So this is most likely a mitigation approach.
DY
Dyan
1 year ago
Wait, what's the difference between a logical JBOD and a regular JBOD? I'm a bit confused on the terminology here.
LA
Laticia
1 year ago
I've got a good feeling about this one. The answer is definitely Forbearance - I remember learning that in class.
ER
Ernest
1 year ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully and make sure I understand the key factors that can help minimize distractions in an exam setting.
KI
Kimbery
2 years ago
I believe it's still mitigation, as she's trying to reduce the impact of the risk rather than increase the opportunities.
JE
Jess
2 years ago
But wouldn't it be considered enhancing since she's adding extra activities to ensure the risk event doesn't happen?
FI
Fidelia
2 years ago
I agree with Leota, because Marsha is taking proactive steps to reduce the impact of the risk.
LE
Leota
2 years ago
I think the answer is A) Mitigation.
YE
Yesenia
2 years ago
I believe it's mitigation because Marsha is taking steps to reduce the impact of the risk event.
IS
Isabella
2 years ago
I'm not so sure, maybe it's enhancing the risk response.
JA
Jackie
2 years ago
I agree with Ronald, it definitely seems like mitigation.
RO
Ronald
2 years ago
I think this approach is mitigation.