Project Management Professional (PMP) Practice Exam

You identified a technical risk in your project and assigned a contingency for that. Planning contingency reserves is part of which risk response strategy?

1. Active risk mitigation

2. Passive risk avoidance

3. Passive risk acceptance

4. Active risk acceptance

The correct answer is: Active risk acceptance

Active risk acceptance is the risk response strategy where the project team takes proactive measures to identify and plan for potential risks. In this case, by assigning a contingency for the technical risk, the project team is actively accepting and addressing the risk. This option is different from passive risk acceptance (C) where the project team does not take any action to address the risk, or passive risk avoidance (B), where the project team takes steps to avoid the risk altogether. Active risk mitigation (A) is also a valid strategy, but it involves taking actions to reduce the probability and/or impact of the risk once it has occurred. Therefore, D is the best response as it aligns with the situation described in the question.