PMI Risk Management Professional Practice Exam

What risk response strategy involves making a change request to alter project requirements?

1. Mitigate

2. Avoid

3. Exploit

4. Transfer

The correct answer is: Avoid

The strategy that involves making a change request to alter project requirements is avoidance. This approach is taken when a project manager identifies a potential risk that could have a significant negative impact on the project's objectives and decides to change the project plan to eliminate the risk entirely. When a project changes its requirements to avoid a risk, it is proactively addressing the potential issue by ensuring that it no longer exists or cannot occur under the new plan. This could mean adjusting project scope, timelines, or resource allocations to circumvent the risk. In contrast, the other strategies are oriented toward different types of risk management. Mitigation involves taking steps to reduce the impact or likelihood of a risk but does not eliminate the risk entirely. Exploit focuses on taking advantage of positive risks or opportunities rather than altering project requirements. Transfer involves shifting the responsibility of the risk to another party, often through outsourcing or insurance, rather than changing requirements directly.