Question

When a project team elects to purchase insurance, or adopts a fixed price contract with a vendor, or hires an expert, it is demonstrating which of the following risk response strategies? a. assume a threat b. avoid a threat c. mitigate a threat d. transfer a threat

Answer 1

d. transfer a threat

Step-by-step explanation:

When a project team elects to purchase insurance, or adopts a fixed price contract with a vendor, or hires an expert, it is demonstrating the risk management technique of transferring a threat. This refers to the act of outsourcing the risk to a third party who will take all the responsibility of dealing with the outcome of the risk.