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PMP Question of the Week: Risk Strategies

By Guest Authors
March 2, 2015

pmpweek04A real estate company wants to produce detailed maps of local communities to provide prospective customers with more information. The company has the software to produce the maps,however, it does not have a printer to print the maps. The company must decide to either purchase a new, expensive printer to produce the maps in-house or to send the map files to a local printer. Sending the files to a local printer would be an example of which of the following risk strategies?

A. Sharing the risk.
B. Avoiding the risk.
C. Enhancing the risk.
D. Exploiting the risk.

Reveal Answer

The correct answer is A.

The production of the detailed maps is an example of an opportunity risk, particularly since it is being done to promote improved offerings to customers. This is secured by involving a “partner” through the use of the local printer.

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