CAPM (Certified Associate in Project Management) Practice Exam

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What are strategies for negative risks or threats?

Ignore, escalate, observe, accept
Avoid, transfer, mitigate, accept
Accept, transfer, enhance, ignore
Mitigate, avoid, transfer, escalate

The correct answer is: Avoid, transfer, mitigate, accept

Strategies for negative risks or threats depend on your risk management approach. Option B is the best choice as it involves avoiding the risk altogether, transferring the risk to another party, mitigating the impact of the risk, and finally accepting the risk if it cannot be avoided or transferred. Option A is not the best choice because ignoring or observing a negative risk can lead to serious consequences. Option C is incorrect as enhancing a negative risk does not align with risk management practices. Option D is incorrect because transferring a negative risk should be prioritized over avoiding and mitigating it. Ultimately, option B provides a comprehensive and effective approach to managing negative risks.