Free PMI Project Management Professional (PMP) Practice Question

For identified opportunities, which are events or conditions that can have a positive impact on project objectives if they occur, a project manager can consider five strategies: 'Exploit', 'Share', 'Enhance', 'Accept', and 'Escalate'. 'Exploit' strategies involve taking action to ensure that an opportunity occurs. 'Share' involves allocating some or all of the ownership of the opportunity to a third party who can capture the benefit for the project. 'Enhance' strategies are actions that increase the probability and/or the positive impacts of an opportunity. 'Accept' means being willing to take advantage of the opportunity if it arises, but not actively pursuing it. 'Escalate' is used when the opportunity requires a decision or action at a higher organizational level.