PMI Risk Management Professional Practice Exam

For which type of risk event is an enhancement strategy usually used?

1. Negative events

2. Positive events

3. Neutral events

4. Unknown events

The correct answer is: Positive events

An enhancement strategy is typically used for positive risk events, also referred to as opportunities, which could provide additional benefits to a project or organization if they occur. The essence of an enhancement strategy lies in actively boosting the likelihood and impact of these favorable outcomes. This could involve allocating additional resources, investing in research and development, or implementing specific actions to ensure that the opportunity is realized. Focusing on managing positive risks sets organizations up to capitalize on potential advantages and create value. By enhancing positive events, organizations can achieve higher levels of success than initially anticipated. Other types of events, such as negative risks (which pose threats), neutral risks (which neither significantly improve nor damage the project), and unknown risks (which are unforeseen and unplanned), do not typically lend themselves to enhancement strategies, as the focus in those cases would be on mitigation, acceptance, or contingency planning rather than enhancement.