Exam PMP topic 1 question 611 discussion

Answers are correct

Mitigate: The project manager took proactive actions (conducting tests) to reduce the probability of the threat occurring, demonstrating a mitigation strategy. Avoid: The project manager deemed the threat severe and altered project strategies (reducing scope) to eliminate the risk entirely, indicating an avoidance strategy. Transfer: The project manager identified the threat and shared responsibility with a third party (insurance) to lessen its impact, exemplifying a transfer strategy. Accept: The project manager acknowledged the threat but decided to monitor it rather than take immediate action, accepting the risk with awareness. Escalate: The project manager recognized the threat as beyond their control and escalated it to a higher authority for appropriate handling.

Mitigate --> The project manager analyzed the threat, took action to reduce the probability of occurrence, and conducted some additional tests Accept --> The project manager determined the threat was severe and acted promptly to handle this risk by changing project strategies and reducing project scope Transfer --> The project manager identified the threat, discussed it with the sponsor, and bought an insurance plan to handle it Avoid --> The project manager identified the threat and decided to review it periodically rather than take action Escalate --> The project manager studied the threat and found it is out of their authority and scope

Correct answers

Mitigate --> The project manager analyzed the threat, took action to reduce the probability of occurrence, and conducted some additional tests Avoid --> The project manager determined the threat was severe and acted promptly to handle this risk by changing project strategies and reducing project scope Transfer --> The project manager identified the threat, discussed it with the sponsor, and bought an insurance plan to handle it Accept --> The project manager identified the threat and decided to review it periodically rather than take action Escalate --> The project manager studied the threat and found it is out of their authority and scope

the provided answer is correct

Mitigation Strategy: Mitigate Project Manager's Actions: The project manager determined the threat was severe and acted promptly to handle this risk by changing project strategies and reducing project scope. Mitigation Strategy: Avoid Project Manager's Actions: The project manager identified the threat and decided to review it periodically rather than take action. Mitigation Strategy: Transfer Project Manager's Actions: The project manager identified the threat, discussed it with the sponsor, and bought an insurance plan to handle it. Mitigation Strategy: Accept Project Manager's Actions: The project manager studied the threat and found it is out of their authority and scope. Mitigation Strategy: Escalate Project Manager's Actions: The project manager analyzed the threat, took action to reduce the probability of occurrence, and conducted some additional tests.

Why the 4th one is transfer? Is it due to the risk is owned by the stakeholder?