There are a number of risks that have been identified in your project. The team has elected not to change the project plan to deal with the risk, but they have established a contingency reserve of money in the event some of these risks are triggered. This is an example of what type of risk mitigation technique?
A. Contingent Response Strategy
B. Active acceptance
C. Passive acceptance
D. Avoidance
Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?
A. Passive acceptance is no longer adopted in projects and is a poor project management practice.
B. Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.
C. Passive acceptance requires no action.
D. Passive acceptance requires no action except to document the strategy, leaving the project team to deal with the risks as they occur.