How to Get a Job For Project Managers

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Leadership for Project Managers

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Measuring Project Performance

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Risk Sharing

A positive risk response in which the project assigns ownership of an opportunity to an external party that is best positioned to realize and capture its benefits.

Key Points

  • Used for opportunities (positive risks), not threats.
  • Ownership and accountability to pursue the upside are shifted to a third party more capable of delivering the benefit.
  • Common mechanisms include partnerships, joint ventures, licensing, and incentive-based contracts.
  • Requires clear agreements on roles, benefit sharing, success criteria, and ongoing monitoring.

Example

The project team develops a new analytics feature but lacks market access. They form a joint venture with a major vendor that takes the lead on commercialization in exchange for a revenue share. The vendor owns the opportunity and is best placed to capture the upside.

PMP Example Question

A software project identifies a significant growth opportunity if a global reseller launches the product in new markets. The team signs a partnership granting the reseller the lead role and a share of profits to pursue this upside. Which risk response strategy is being used?

  1. Exploit
  2. Share
  3. Enhance
  4. Accept

Correct Answer: B - Risk sharing (giving opportunity ownership to a partner best able to realize it)

Explanation: The team transfers ownership of the opportunity to a third party that can best capture the benefit, which is the essence of risk sharing.

How To Land the Job and Interview for Project Managers Course

Take the next big step in your project management career with HK School of Management. Whether you're breaking into the field or aiming for your dream job, this course gives you the tools to stand out, impress in interviews, and secure the role you deserve.

This isn’t just another job-hunting guide—it’s a tailored roadmap for project managers. You’ll craft winning resumes, tackle tough interview questions, and plan your first 90 days with confidence. Our hands-on approach includes real-world examples, AI-powered resume hacks, and interactive exercises to sharpen your skills.

You'll navigate the hiring process like a pro, with expert insights on personal branding, salary negotiation, and career growth strategies. Plus, downloadable templates and step-by-step guidance ensure you're always prepared.

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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HK School of Management delivers top-tier training in Project Management, Job Search Strategies, and Career Growth. For the price of a lunch, you’ll gain expert insights into landing your dream PM role, mastering interviews, and negotiating like a pro. With a 30-day money-back guarantee, there’s zero risk—just a clear path to success!

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