Mary is the project manager of the HGH Project for her company. She and her project team
have agreed that if the vendor is late by more than ten days they will cancel the order and
hire the NBG Company to fulfill the order. The NBG Company can guarantee orders within
three days, but the costs of their products are significantly more expensive than the current
vendor. What type of a response strategy is this?
A.
Expert judgment
B.
Contingent response strategy
C.
Internal risk management strategy
D.
External risk response