You are the project manager of the HJK project for your organization. You and the project team have created risk responses for many of the risk events in the project. A teaming agreement is an example

The correct answer is C. Sharing. Risk Sharing (C) involves partnering with another party to jointly pursue an opportunity or divide the burden of a risk. A teaming agreement - where two or more organizations formally agree to collaborate - is a classic example of sharing, because both parties share the potential

Security and Privacy Governance, Risk Management, and Compliance Program

Question

You are the project manager of the HJK project for your organization. You and the project team have created risk responses for many of the risk events in the project. A teaming agreement is an example of what risk response?

Options

AAcceptance
BMitigation
CSharing
DTransference

How the community answered

(41 responses)

A
5% (2)
B
5% (2)
C
88% (36)
D
2% (1)

Explanation

Risk Sharing (C) involves partnering with another party to jointly pursue an opportunity or divide the burden of a risk. A teaming agreement - where two or more organizations formally agree to collaborate - is a classic example of sharing, because both parties share the potential upside and downside. Transference (D) shifts the financial consequence to a third party (e.g., insurance) but does not involve joint participation. Mitigation (B) reduces probability or impact. Acceptance (A) means doing nothing proactively.

Topics

#Risk Management#Risk Response Strategies#Risk Sharing#Teaming Agreements

Community Discussion

No community discussion yet for this question.

Full CAP Practice