GIAC GCPM Exam - Topic 1 Question 41 Discussion

Actual exam question for GIAC's GCPM exam

Question #: 41
Topic #: 1

[All GCPM Questions]

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?

AMitigation

BTransference

CEnhancing

DExploiting

Show Suggested Answer

Suggested Answer: A

by Angella at Mar 18, 2024, 07:45 AM

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Farrah

3 months ago

Not sure if that's the best use of funds, though.

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Corrina

3 months ago

Mitigation is all about reducing the impact of risks.

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Tamala

3 months ago

Wait, $10,000 just to avoid a month delay? Seems steep!

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Matthew

4 months ago

Agreed, mitigation makes the most sense here.

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Leanora

4 months ago

That's definitely mitigation! Extra steps to reduce risk.

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Micheal

4 months ago

I thought enhancing was about improving opportunities, not risks. So, I guess that rules out option C for me.

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Junita

4 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.

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Celia

4 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.

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Justine

5 months ago

I think this is about risk mitigation since Marsha is taking extra steps to reduce the likelihood of the risk happening.

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Dana

5 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.

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Verda

5 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?

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Francene

5 months 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.

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Elouise

5 months 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.

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Denae

5 months 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.

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Dyan

5 months ago

Wait, what's the difference between a logical JBOD and a regular JBOD? I'm a bit confused on the terminology here.

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Laticia

5 months ago

I've got a good feeling about this one. The answer is definitely Forbearance - I remember learning that in class.

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Ernest

5 months 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.

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