You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on…

Risk sharing involves allocating risk ownership to multiple parties, but the scenario describes outsourcing the entire activity and its associated risk to a single external entity.

Risk avoidance involves eliminating the threat or its cause entirely, which is not the case here, as the user guide still needs to be created.

Risk transference is a risk response strategy where the responsibility for managing a risk, and the impact if it occurs, is shifted to a third party. By hiring an external writer, the project transfers the risk of the user guide not being completed on time to that external party.

Risk exploiting is a positive risk response strategy aimed at increasing the probability or impact of an opportunity, which is irrelevant for a negative risk like delayed project completion.