PMI-RMP Certification Training - Positive Risk Strategies

The video discusses strategies for managing positive risks in projects. It covers exploiting unused resources for profit, sharing risks with partners to maximize opportunities, enhancing the probability of beneficial outcomes, accepting risks passively, and escalating opportunities beyond project scope when necessary.

What is an example of exploiting a positive risk?

• Accepting a risk without taking action

• Hiring additional staff to meet deadlines

• Partnering with another company to share resources

• Renting out unused office space for profit

How does risk sharing benefit a company?

• It reduces the need for additional resources

• It ensures a company can handle all risks independently

• It enables a company to collaborate and increase profit opportunities

• It allows a company to avoid risks entirely

In the context of risk sharing, what might a T-shirt company do if they run out of stock?

• Increase the price of remaining T-shirts

• Partner with another company to produce more T-shirts

• Cancel the event

• Stop selling T-shirts

What is the goal of risk enhancement?

• To eliminate all risks

• To increase the probability of a positive outcome

• To share risks with another party

• To accept risks without action

How can a project team enhance the likelihood of receiving a bonus?

• By ignoring the project schedule

• By reducing the project scope

• By hiring additional resources to finish early

• By delaying the project timeline

What does risk acceptance involve?

• Actively pursuing a risk

• Ignoring a risk completely

• Accepting a risk and responding if it occurs

• Transferring a risk to another party

When should a risk be escalated?

• When it can be ignored

• When it is outside the project's scope

• When it is within the project manager's authority

• When it is a negative risk