CAPM (Certified Associate in Project Management) Practice Exam

How does the 'enhance' strategy in risk management work for opportunities?

1. By taking no action as part of the planning process

2. By shifting some of the risk to a third party

3. By ensuring the opportunity is realized

4. By increasing probability and/or impact of the opportunity

The correct answer is: By increasing probability and/or impact of the opportunity

The enhance strategy in risk management works for opportunities by increasing the probability and/or impact of the opportunity. This is done through proactive measures such as investing more resources, increasing collaboration and communication, or utilizing improved technology. Option A is incorrect because taking no action would not actively enhance the opportunity. Option B is incorrect because shifting risk to a third party does not necessarily enhance the opportunity itself. Option C is incorrect because ensuring the opportunity is realized only addresses the success of the opportunity, not necessarily enhancing it.