A project manager identifies an opportunity to increase project benefits by leveraging a new technology trend. Recognizing that their organization lacks sufficient resources to fully capitalize on it, the manager decides to involve another company with the necessary capabilities to jointly realize the potential benefits. Which positive risk response strategy is the project manager applying?
The project manager is applying the 'Share' strategy for positive risks. 'Share' involves working with another party to jointly capitalize on an opportunity that would be difficult to realize alone. By involving another company with the necessary capabilities, the manager is sharing the potential benefits and resources. 'Enhance' would involve increasing the likelihood or impact of the opportunity through internal efforts without external collaboration. 'Exploit' aims to ensure the opportunity occurs by committing internal resources to make it happen. 'Accept' means acknowledging the opportunity but not taking any active steps to pursue it.
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How does 'Exploit' differ from 'Share' in risk response strategies?
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