CAPM (Certified Associate in Project Management) Practice Exam

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Study for the CAPM Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What does 'mitigate' mean in the context of risk management?

To shift all or some of the risk to a third party
To take no action as part of the planning process
To reduce probability and/or impact of an adverse risk event
To change the project management plan to eliminate the threat

The correct answer is: To reduce probability and/or impact of an adverse risk event

In the context of risk management, 'mitigate' means to reduce the probability and/or impact of an adverse risk event. This term implies taking proactive steps to lessen the likelihood or severity of a risk occurring. Option A, shifting the risk to a third party, is known as risk transfer, not risk mitigation. Option B, taking no action as part of the planning process, goes against the essence of risk management, which aims to address and mitigate risks. Option D, changing the project management plan to eliminate the threat, suggests a more drastic measure than mitigation, as mitigation aims to lessen the risk rather than eliminate it entirely.