Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?
A.
Avoidance
B.
Mitigation
C.
Exploit
D.
Transference
Explanation:
Mitigation is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold. Risk mitigation involves taking early
action to reduce the probability and impact of a risk occurring on the project. Adopting less complex processes, conducting more tests, or choosing a more stable supplier are examples of mitigation actions.
Answer option D is incorrect. When you are hiring a third party to own risk is known as transference risk response.
Answer option C is incorrect. Exploit is a strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized.
Answer option A is incorrect. When extra activities are introduced into the project to avoid the risk, this is an example of avoidance.
I choose