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Risk domain — opportunities (the five positive strategies)

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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.

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