PMI Risk Management Professional Practice Exam

If a sponsoring organization lacks certain capabilities that could save money elsewhere, what action should it take?

1. Exploit

2. Accept

3. Transfer

4. Share

The correct answer is: Share

When a sponsoring organization identifies that it lacks certain capabilities that could lead to cost savings, the most prudent course of action is to share responsibilities or resources with other entities that possess those capabilities. By sharing, the organization can leverage external expertise, tools, or processes that can enhance its operational efficiency without incurring the full costs associated with acquiring those capabilities independently. Sharing allows the organization to benefit from the strengths of others while minimizing risks, such as investing heavily in developing new capabilities that may not yield the desired return on investment. This collaborative approach not only fosters innovation and efficiency but also builds partnerships that can be beneficial in the long run. While other options outline potential risk management strategies, they do not effectively address the specific scenario of lacking capabilities that could save money. Therefore, sharing is the most strategic and effective action in this context.