Exam CRISC topic 1 question 3 discussion

D. This risk event is an opportunity to the project and should be exploited. Explanation: Option A suggests mitigation, but in this context, the risk is seen as an opportunity rather than a threat that needs mitigation. Option B mentions accepting the risk, but it doesn't capture the proactive stance of exploiting the opportunity. Option C suggests avoidance, which may not be the best approach when the risk presents a potential benefit. Therefore, option D is more aligned with the idea of treating the risk as an opportunity and actively seeking to exploit it for the project's benefit.

Because = pro and cons (expressing an explanation or reason) Exploit= take advantage without looking at negative effects (make full use of and derive benefit from (a resource)

I contest the answer (D): I believe B is more accurate. "accepted" shouldn't be the defining factor as the key word. The statement: "because the rewards outweigh the threat" indicates to me that it was reviewed in some way and a conclusion was made y vs D. that says lets just take advantage.

D. This risk event is an opportunity to the project and should be exploited. In risk management, a risk event that could have a positive impact on the project is considered an opportunity. In this case, the risk event could save $100,000 in project costs, which is a favorable outcome for the project. To take advantage of this opportunity, it should be exploited or managed in a way that maximizes the potential savings. Therefore, option D is the most appropriate response.

D. This risk event is an opportunity to the project and should be exploited.