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!

Practice this question and more.

What is the goal of the 'exploit' strategy in risk management for opportunities?

To take no action as part of the planning process
To ensure that the opportunity is realized
To allocate ownership to a third party
To shift all or some of the risk to a third party

The correct answer is: To ensure that the opportunity is realized

The goal of the 'exploit' strategy in risk management for opportunities is to ensure that the opportunity is realized. This strategy involves actively pursuing and maximizing the identified opportunity to gain the most benefit from it. By implementing the exploit strategy, project managers aim to capture and capitalize on the potential positive outcomes to add value to the project. On the other hand, options A, C, and D do not accurately represent the goal of the exploit strategy in risk management for opportunities and are therefore incorrect.