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      Question

      Which of the following is an example of a risk avoidance

      technique?
      A Implementing controls to reduce the likelihood of a risk occurring Correct Answer Incorrect Answer
      B Transferring the risk to another party Correct Answer Incorrect Answer
      C Accepting the risk and choosing not to take any action Correct Answer Incorrect Answer
      D Changing the project scope to eliminate the risk Correct Answer Incorrect Answer
      E Developing a contingency plan to deal with the risk 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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