Podcast
Questions and Answers
What is the primary goal of exploitation as a positive risk response strategy?
What is the primary goal of exploitation as a positive risk response strategy?
To ensure the opportunity is realized by making changes to the project to guarantee it happens.
Give an example of exploitation as a positive risk response strategy in a project.
Give an example of exploitation as a positive risk response strategy in a project.
Allocating more resources to a project component that has a high potential for a positive outcome.
What is the main objective of sharing as a positive risk response strategy?
What is the main objective of sharing as a positive risk response strategy?
To allocate some or all of the ownership of the opportunity to a third party who can better capture the benefits.
Provide an example of sharing as a positive risk response strategy in a project.
Provide an example of sharing as a positive risk response strategy in a project.
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What is the key difference between exploitation and sharing as positive risk response strategies?
What is the key difference between exploitation and sharing as positive risk response strategies?
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Study Notes
Positive Risk Response
Exploitation
- Ensure the opportunity is realized by making changes to the project to guarantee it happens
- Involves allocating more resources to a project component with high potential for a positive outcome
- Aim is to capitalize on the opportunity and maximize its benefits
Sharing
- Allocate some or all of the ownership of the opportunity to a third party
- Third party is better equipped to capture the benefits of the opportunity
- Examples include forming a partnership or joint venture to take advantage of an emerging market
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Description
Learn about different strategies to respond to positive risks, including exploitation and sharing opportunities to guarantee a successful outcome.
