The project director and project manager have met with the board and determined that the project has depleted the entire contingency reserve and has started eroding the profit margin. The project manager would like the risk manager to take full advantage of opportunities.
Which response should the risk manager take?
Given that the project has depleted its contingency reserves and is impacting profit margins, the risk manager should aim to take full advantage of any opportunities available. The appropriate response in this scenario is to 'Exploit' opportunities. Exploitation involves taking deliberate steps to capture potential positive outcomes, maximizing the upside to help counterbalance the losses and improve the project's financial health.
D is correct