Question

Which of the following is an example of a risk transfer technique?

Q: Answer-Which of the following is an example of a risk transfer technique?

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.

A Developing a contingency plan to deal with the risk

B Accepting the risk and choosing not to take any action

C Changing the project scope to eliminate the risk

D Outsourcing a task to a third-party vendor

E Implementing controls to reduce the likelihood of a risk occurring

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Which of the following is an example of a risk transfer technique?

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