PMI-RMP Certification Training - Accept

The video tutorial discusses risk response strategies, focusing on risk acceptance. It explains that risk acceptance is a deliberate choice to acknowledge a threat without proactive action, suitable for low-priority threats or when other responses are not cost-effective. The tutorial distinguishes between active and passive acceptance, emphasizing the importance of intentional planning and periodic review.

What is the significance of having a risk response strategy selected for all risks on the risk register?

Explain the concept of risk acceptance and how it differs from other risk response strategies.

Under what circumstances might risk acceptance be considered an appropriate strategy?

What are the differences between active and passive risk acceptance?

How does the risk tolerance level influence the decision to accept a risk?