Risk domain — opportunities (the five positive strategies)
What you'll be able to do
Opportunities: escalate, exploit, share, enhance, accept. Don't reach for avoid or mitigate — those are for threats.
- Five opportunity strategies: Escalate, Exploit, Share, Enhance, Accept.
- Exploit = make it 100% certain.
- Share = transfer to a third party who can better capture it.
Opportunities are positive risks. PMBOK 8e gives five symmetrical strategies — three are renamed twins of the threat list: Escalate, Exploit (twin of avoid — *ensure* it happens), Share (twin of transfer — give it to a third party better able to capture it), Enhance (twin of mitigate — increase probability or impact), Accept (same word, same logic for low-priority opportunities).
Exploit: actions to make the opportunity *definitely* happen — increase probability to 100%. Example: assign your best engineers to ensure an early-completion bonus is captured. Share: bring in a partner (joint venture, special-purpose company) better positioned to realise the opportunity. Enhance: increase probability OR impact — e.g., add resources to accelerate a likely-but-not-certain early finish. Accept: low-priority; active acceptance includes a contingency reserve to take advantage if the opportunity materialises.
Most-tested pattern on the exam: candidates instinctively pick *avoid* or *mitigate* when the scenario describes an opportunity. The setup is deliberately easy to misread. Slow down: 'might finish two weeks early' = opportunity; the correct verbs are exploit / share / enhance / accept — not avoid or mitigate.
Key points
- Five opportunity strategies: Escalate, Exploit, Share, Enhance, Accept.
- Exploit = make it 100% certain.
- Share = transfer to a third party who can better capture it.
- Enhance = increase probability or impact.
- Accept (active) = set contingency reserve to take advantage.
Ask a PMBOK tutor
Paste this lesson plus your question into a fresh chat. Claude is a strong PMP study coach — try asking for additional worked examples, a comparison across PMBOK editions (6e vs 7e vs 8e), or a tougher scenario.