Question

which risk response strategy involves taking proactive steps to amplify the impact of opportunities while minimizing associated risks?

○ avoidance

○ escalation

○ mitigation

○ transfer

question 2
1 pts
which is the primary message conveyed by the uncertainty performance domain?

○ uncertainty is a hindrance that must be avoided

○ uncertainty is a constant presence in project environments and can be harnessed for innovation

○ uncertainty only exists in external market fluctuations

○ uncertainty is predictable and can be completely eliminated with proper planning

Explanation:

Question 1

• Avoidance: Focuses on eliminating threats, not amplifying opportunities.
• Escalation: Involves escalating the risk to a higher authority, not proactive steps for opportunities.
• Mitigation: For opportunities, it means taking steps to enhance the chance of the opportunity occurring (amplify impact) while reducing associated risks.
• Transfer: Involves shifting risk, not amplifying opportunities.

• "Uncertainty is a hindrance that must be avoided" is incorrect as the uncertainty performance domain views it as manageable and useful.
• "Uncertainty is a constant presence in project environments and can be harnessed for innovation" aligns with the concept that uncertainty in projects is inevitable and can be used for positive outcomes like innovation.
• "Uncertainty only exists in external market fluctuations" is wrong as uncertainty can come from internal and other sources too.
• "Uncertainty is predictable and can be completely eliminated with proper planning" is wrong as uncertainty is inherently unpredictable and can't be fully eliminated.

Answer:

Mitigation (the option with "Mitigation" text)

Question 2