PMI CAPM (Certified Associate in Project Management) Examination Content OutlinePredictive, Plan-Based MethodologiesMedium
A project manager is managing a complex IT infrastructure upgrade. The project team has identified several risks, including a potential failure of a critical server component. To address this, they decide to procure a backup server and have it ready for immediate deployment if the primary server fails. Which risk response strategy is being employed?
- ATransfer
- BAvoid
- CMitigate
- DAccept
Show answer & explanationAnswer & explanation
Correct answer: C. Mitigate
Mitigation is a risk response strategy where actions are taken to reduce the probability or impact of a risk event. Procuring a backup server reduces the impact of a primary server failure, thus it is a mitigation strategy.
Why the other options are wrong
- A. Transferring risk involves shifting the impact and ownership to a third party, typically through insurance or contracts.
- B. Avoidance eliminates the risk entirely, which is not the case here as the risk of failure still exists.
- D. Acceptance is acknowledging the risk and taking no action, which is not what the team is doing.
Risk Mitigation
A risk response strategy where actions are taken to reduce the probability or impact of a threat, or to increase the probability or impact of an opportunity.
- Aims to lessen severity or likelihood of risk.
- Does not eliminate the risk, but reduces its effect.
- Examples include backup plans, enhanced testing, training.
Memory trick: Avoid, Transfer, Mitigate, Accept – ATM's for Risk.