You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the project?
Suggested Answer:D🗳️
Four risk response options are there to deal with negative risks or threats on the project objectives- avoid, transfer, mitigate, and accept. ✑ Risk avoidance ✑ Risk mitigation ✑ Risk transfer ✑ Risk acceptance Incorrect Answers: A, B ,C: These are incorrect choices as only 4 risk response are available to deal with negative risks.
There are four main risk response types available for a negative risk event in a project:
Avoid: Involves taking actions to eliminate the risk or to change project plans in order to bypass it.
Transfer: Involves shifting the risk to a third party, such as an insurance company or a subcontractor.
Mitigate: Involves taking actions to reduce the probability or impact of a risk.
Accept: Involves acknowledging the existence of the risk and being prepared to deal with its potential consequences without taking specific actions to address it.
So, the correct answer is D. 4.
upvoted 2 times
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SuperMax
9 months, 1 week ago