Six Sigma Global Institute (SSGI) Project Management Professional Certification Practice Exam

What is NOT included in strategies for reducing risk?

1. Adding resources

2. Introducing redundancy

3. Undervaluing project objectives

4. Identifying alternatives

The correct answer is: Undervaluing project objectives

The correct answer highlights an approach that actually undermines effective risk management. Undervaluing project objectives can lead to insufficient attention and resources being allocated to critical components of a project. This lack of prioritization can increase the likelihood of project failure, as important goals may be neglected and risks associated with achieving those objectives may not be adequately addressed. In contrast, adding resources, introducing redundancy, and identifying alternatives are all proactive strategies aimed at mitigating risk. Adding resources can help manage workload and potentially cover unexpected challenges. Introducing redundancy often ensures that if a part of the project fails, there are backup systems or processes in place to maintain functionality. Identifying alternatives provides flexibility, allowing teams to pivot if risks materialize. Each of these strategies focuses on strengthening the project’s resilience against potential pitfalls, whereas undervaluing objectives can have the opposite effect, leading to increased risk exposure.