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Risk Acceptance

A risk response approach in which the team acknowledges the risk and chooses no proactive action, taking steps only if the event actually occurs.

Key Points

  • Used when the risk is low priority, not cost-effective to treat, or largely outside the team's control.
  • Can be passive (do nothing until it happens) or active (set aside contingency and define triggers and fallback actions).
  • Still requires documenting the risk, assigning an owner, and monitoring for trigger conditions.
  • Strategy can be revisited; if conditions change, the team may switch to avoid, mitigate, transfer, or exploit.

Example

A project team notes a small chance that a minor browser version will not support a new feature. They choose to accept the risk and continue. If the issue appears after launch, they will deploy a quick patch using a small contingency reserve.

PMP Example Question

A team identifies a low-probability, low-impact risk. The cost of mitigation exceeds the potential loss, so they will monitor the risk and use a fallback plan only if it happens. Which response strategy are they using?

  1. Avoidance
  2. Transfer
  3. Acceptance
  4. Mitigation

Correct Answer: C — Risk acceptance

Explanation: The team acknowledges the risk and chooses not to act in advance, responding only if it occurs (active acceptance with a fallback plan).

How To Land the Job and Interview for Project Managers Course

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Learn from seasoned professionals and join a community of ambitious project managers. Ready to land your ideal job and thrive in your career? Enroll now and take control of your future!



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