PMI-RMP Opportunity Response Strategies 2 — Questions and Answers
Question 1: A project team identifies a chance to deliver early if a key vendor accelerates work, but the vendor's reliability is uncertain. The team partners with a specialized firm to jointly pursue the early-delivery upside. Which opportunity response strategy is this?
- Share (Correct answer)
- Exploit
- Enhance
- Accept
Correct answer: Share
Sharing transfers ownership of an opportunity to a third party best able to capture it, often via partnerships or joint ventures.
Question 2: Which opportunity response strategy seeks to ensure the opportunity definitely happens by removing all uncertainty about its occurrence?
- Enhance
- Exploit (Correct answer)
- Share
- Escalate
Correct answer: Exploit
Exploit aims to make the opportunity's realization certain by eliminating the uncertainty of whether it occurs.
Question 3: A risk owner takes actions to increase the probability and positive impact of an opportunity without guaranteeing it. Which strategy is being applied?
- Accept
- Exploit
- Enhance (Correct answer)
- Share
Correct answer: Enhance
Enhance increases the likelihood or impact of an opportunity but does not make it certain.
Question 4: An opportunity falls outside the project manager's authority and would affect program-level objectives. The PM raises it to the program manager. This is which strategy?
- Escalate (Correct answer)
- Share
- Enhance
- Accept
Correct answer: Escalate
Escalation moves an opportunity to a higher level of authority when it is beyond the project's scope or the PM's authority.
Question 5: After analysis, a team decides to take no proactive action on a minor opportunity but will pursue it if it arises. This best illustrates which strategy?
- Enhance
- Exploit
- Accept (Correct answer)
- Escalate
Correct answer: Accept
Accept means taking no active steps to pursue the opportunity, acknowledging it without proactive measures.
Question 6: Which of the following is the BEST example of an exploit strategy for an opportunity?
- Buying insurance to cover a potential loss
- Assigning your most skilled resource to guarantee a task finishes ahead of schedule (Correct answer)
- Asking a vendor to share in potential savings
- Logging the opportunity in the register for later
Correct answer: Assigning your most skilled resource to guarantee a task finishes ahead of schedule
Assigning top talent to ensure the favorable outcome occurs is a classic exploit action that removes uncertainty.
Question 7: When an opportunity is escalated and accepted at the program level, who typically owns the response thereafter?
- The original project manager
- The program or portfolio manager (Correct answer)
- The risk owner at project level
- The project sponsor's assistant
Correct answer: The program or portfolio manager
Once escalated and accepted, ownership transfers to the program or portfolio level and is no longer monitored by the project team.
PMI-RMP Opportunity Response Strategies 2
A project team identifies a chance to deliver early if a key vendor accelerates work, but the vendor's reliability is uncertain.
The team partners with a specialized firm to jointly pursue the early-delivery upside.
Which opportunity response strategy is this?