Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity?
A) establish triggers and update them frequently
B) establish time or cost contingencies
C) construct a prototype to learn more about a candidate solution
D) identify a risk owner to each high priority risk

Question

Which of the following activities illustrates a risk response strategy designed to research a threat or an opportunity? 
A) establish triggers and update them frequently 
B) establish time or cost contingencies 
C) construct a prototype to learn more about a candidate solution 
D) identify a risk owner to each high priority risk

Quizplus · Accepted Answer

Constructing a prototype to learn more about a candidate solution is an example of a risk response strategy designed to research an opportunity. By creating a prototype, the project team can gain more information about the potential benefits and risks of the solution and make an informed decision on whether to pursue it. Establishing triggers and updating them frequently, establishing time or cost contingencies, and identifying a risk owner are all risk response strategies designed to manage or mitigate risks, rather than to research them.

Which of the Following Activities Illustrates a Risk Response Strategy