Skip to content
Sign in
Artwork for Business Exam Prep
Business Exam Prep · Yesterday · 4 min

CAPM Exam Prep 49, Plan Risk Responses — Threats and Opportunities

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The five strategies for handling negative risks (threats): Avoid, Mitigate, Transfer, Escalate, and Accept. - The five corresponding strategies for handling positive risks (opportunities): Exploit, Enhance, Share, Escalate, and Accept. - How to differentiate between Transfer for threats and Share for opportunities using practical examples like insurance versus joint ventures. - The key difference between Avoidance (eliminating a threat) and Exploitation (guaranteeing an opportunity). - How to identify scenarios on the CAPM exam that require escalating a risk response beyond the project manager's authority. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

0:00-4:28
Play in

transcript

No transcript — this publisher did not publish one.

show notes

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- The five strategies for handling negative risks (threats): Avoid, Mitigate, Transfer, Escalate, and Accept.
- The five corresponding strategies for handling positive risks (opportunities): Exploit, Enhance, Share, Escalate, and Accept.
- How to differentiate between Transfer for threats and Share for opportunities using practical examples like insurance versus joint ventures.
- The key difference between Avoidance (eliminating a threat) and Exploitation (guaranteeing an opportunity).
- How to identify scenarios on the CAPM exam that require escalating a risk response beyond the project manager's authority.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

more episodes

All episodes