CAPM (Certified Associate in Project Management) Practice Exam

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Study for the Certified Associate in Project Management Exam with practice questions and answers. Enhance your understanding of project management principles and strategies to excel in the 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!

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What does the 'share' strategy in risk management aim to do?

To increase the probability and/or impact of the opportunity
To ensure that the opportunity is realized
To allocate ownership to a third party who may best be able to capture the opportunity
To eliminate the threat entirely

The correct answer is: To allocate ownership to a third party who may best be able to capture the opportunity

The 'share' strategy in risk management aims to allocate ownership to a third party who may best be able to capture the opportunity. This approach involves partnering with another party to help manage and take advantage of the opportunity effectively. It is not about increasing the probability and/or impact of the opportunity (Option A), ensuring that the opportunity is realized (Option B), or eliminating the threat entirely (Option D). Instead, it focuses on sharing the ownership and responsibilities with a third party to maximize the benefits of the opportunity while mitigating risks.