CAPM Practice Question: Project Management Fundamentals and Core Concepts
During a project, the team identifies a risk that could cause a 20% increase in cost. The project manager decides to accept the risk because the probability is low. What risk response strategy is being used?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Accept
Accept means acknowledging the risk and taking no proactive action, though contingency reserves may be set aside. Avoid changes the plan to eliminate the risk, transfer shifts the impact to a third party, and mitigate reduces probability or impact.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
Accept
Why this is correct
Accepting the risk means no proactive action is taken beyond monitoring.
- ✗
Transfer
Why it's wrong here
Transfer would shift ownership to another party.
- ✗
Avoid
Why it's wrong here
Avoid would change the plan to eliminate the risk.
- ✗
Mitigate
Why it's wrong here
Mitigate would reduce the probability or impact.
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JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CAPM practice question is part of Courseiva's free PMI certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CAPM exam.