Project Management Professional PMP · Free Practice Question Easy
Question 159
A portion of Rowen's latest project, the Tory Project, contains some dangerous work. Her project team members could likely do the work, but the sponsor does not want to accept the risk. In this scenario, which of the following responses could be used as a tool for risk mitigation?
- A A vendor proposal
- B A contract
- C A quotation
- D Project requirements
Reveal correct answer
Correct answer: B
Explanation
A contract can be used as a mitigation tool and is the correct answer. Transference is the procurement of risky activities – the risk still exists, but the responsibility is transferred to the vendor. A quotation is just the price of the contracted work and it does not do anything to reduce or eliminate the risk. The project requirements are the goals, metrics, and deliverables the project must create to reach project completion. A proposal is more than just the price for the work; it includes ideas and some sales language about why the buyer should choose the vendor.Discussion
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