New RBI Grade B 2024 Batch 7 40+ 20 Days Study Plan; Download Now !!!
Register

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.

Practice Next

Relevant for Exams:

×
×