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Question

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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