Which of the following is an example of a risk transfer

technique?

A Developing a contingency plan to deal with the risk Correct Answer Incorrect Answer

B Accepting the risk and choosing not to take any action Correct Answer Incorrect Answer

C Changing the project scope to eliminate the risk Correct Answer Incorrect Answer

D Outsourcing a task to a third-party vendor Correct Answer Incorrect Answer

E Implementing controls to reduce the likelihood of a risk occurring Correct Answer Incorrect Answer

Solution

Risk transfer is a risk management technique that involves transferring the risk to another party. Outsourcing a task to a third-party vendor is an example of risk transfer.

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Relevant for Exams:

IIFCL Grade A

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