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Exam CAPM topic 1 question 72 discussion

Actual exam question from PMI's CAPM
Question #: 72
Topic #: 1
[All CAPM Questions]

If you established a contingency reserve including time, money, and resources, how are you handling risk?

  • A. Accepting
  • B. Transferring
  • C. Avoiding
  • D. Mitigating
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️

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claudiapatricia777
Highly Voted 1 year, 5 months ago
Selected Answer: A
Accept. Risk acceptance acknowledges the existence of a threat, but no proactive action is taken. This strategy may be appropriate for low-priority threats, and it may also be adopted where it is not possible or cost-effective to address a threat in any other way. Acceptance can be either active or passive. The most common active acceptance strategy is to establish a contingency reserve, including amounts of time, money, or resources to handle the threat if it occurs. Passive acceptance involves no proactive action apart from periodic review of the threat to ensure that it does not change significantly
upvoted 6 times
[Removed]
10 months ago
Agreed! PMBOK 11.5.2.7, Page 446: Strategies for overall project risk.
upvoted 2 times
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ChymKuBoy
Most Recent 11 months, 1 week ago
Selected Answer: A
A for sure
upvoted 2 times
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CalvinthePM
1 year, 1 month ago
D is tempting (don't you use the resources to mitigate the risk?) but A seems to be more correct since contigency reserve is built-in resources that assumes risk will happen. If anyone has an explanation why D is wrong (why can't resources from contigency reserve be used to mitigate risk) I'd be interested to know.
upvoted 2 times
[Removed]
10 months ago
See claudiapatricia777's response. She nailed it on the head.
upvoted 1 times
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MoonManBlue
3 years, 7 months ago
A-Accepting
upvoted 1 times
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Community vote distribution
A (35%)
C (25%)
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