Certified Associate In Project Management CAPM · Free Practice Question Easy
Question 75
You have identified a risk that may cause safety concerns for the workers completing the task. You’ve decided to hire a third party to complete this work because the risk is too great to accept internally. Which risk response is this?
- A Mitigation
- B Acceptance
- C Avoidance
- D Transference
Reveal correct answer
Correct answer: D
Explanation
Transference is when someone else owns the risk – usually for a fee. The risk doesn’t go away. 1 is incorrect because mitigation is any effort to reduce or eliminate the risk. 2 is incorrect because acceptance means just that – the risk has been accepted. 3 is incorrect because avoidance is changing the project management plan to avoid the risk altogether.Discussion
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