CompTIA Project+ (PK0-005)Project Management ConceptsMedium
A project manager is evaluating potential risks for a new data center construction project. One identified risk is 'Unforeseen ground conditions', which could cause significant delays and cost overruns. To address this, the project team decides to conduct a detailed geotechnical survey before construction begins. What risk response strategy is being employed here?
- ATransfer
- BAcceptance
- CMitigation
- DAvoidance
Show answer & explanationAnswer & explanation
Correct answer: C. Mitigation
Conducting a detailed geotechnical survey is an action taken to reduce the probability or impact of the 'Unforeseen ground conditions' risk. This strategy, aiming to reduce the risk to an acceptable level, is known as mitigation.
Why the other options are wrong
- A. Transfer involves shifting the risk to a third party (e.g., insurance), which is not what a survey does.
- B. Acceptance means no action is taken, which is incorrect as a survey is being done.
- D. Avoidance means eliminating the risk entirely, which is not possible here as construction still proceeds.
Risk Mitigation
A risk response strategy that involves taking action to reduce the probability of a threat occurring or to lessen its impact if it does occur.
- Aims to reduce risk exposure to an acceptable level.
- Proactive measures are taken before the risk event.
- Can involve process changes, additional testing, or preventative actions.
Memory trick: Mitigation measures make threats 'M'uch smaller.