MANAGEMENT

Detailed explanation-1: -In this risk response strategy, you make sure you realize the opportunity, take the opportunity seriously and develop a strategy to realize it. Simply put, with the exploit risk response strategy, you increase the chance of the event happening to 100%.

Detailed explanation-2: -Exploit – eliminate the uncertainty associated with the risk to ensure it occurs. An example of this is assigning the best workers to a project to reduce time to complete. Enhance – increases the probability or the positive impacts of an opportunity. An example of this adding more resources to finish early.

Detailed explanation-3: -Definition of Risk Exploiting. A risk response strategy whereby the project team acts to ensure that an opportunity occurs.

Detailed explanation-4: -An opportunity-risk is defined as an uncertainty that if it occurs would have a positive effect on achievement of project objectives. The exploit response seeks to eliminate the uncertainty by making the opportunity definitely happen.

Detailed explanation-5: -In the exploit risk response strategy, you make sure that the risk is realized. This response strategy is the opposite of the avoid risk response strategy where you ensure that the risk does not occur.