A project manager decides to manage the threat of a particular risk through the purchase of an
insurance policy. Which of the following risk response strategies is being applied?
A.
Avoidance
B.
Transfer
C.
Acceptance
D.
Mitigation
Which of the following risk response strategies is being applied?
A project manager decides to manage the threat of a particular risk through the purchase of an
insurance policy. Which of the following risk response strategies is being applied?
Admin: Please fix, the answer should be B
Risk Response
Risk Response Planning is the process of reviewing the risk analysis and determining
what, if any, action should be taken to reduce negative impacts and take advantage of
opportunities as a result of a risk event occurring.
Your organization may have a predetermined formula for identifying risks that require
a response plan. For example, they may require that all risks with a total risk score greater than 0.6 must have a response plan.
You ’ ll use several strategies when determining both negative risks and opportunities
and formulating your response plans. The strategies to deal with negative risks include the following:
Avoid : Avoiding the risk altogether or eliminating the cause of the risk event
Transfer : Moving the liability for the risk to a third party by purchasing insurance,
performance bonds, and so on
The answer should be Transfer
The answer is Transfer