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 time,

Transference is a risk response strategy where the responsibility for managing a negative risk, and the impact if it occurs, is shifted to a third party. By hiring an external writer, the project team transfers the risk associated with the user guide creation, including potential delays or quality issues, to the external contractor. This strategy typically involves contracts, insurance, or outsourcing.

Exploiting is a risk response strategy used for positive risks to maximize their potential impact, not for negative risks.

Avoidance is a risk response strategy where the project team eliminates the threat by removing its cause or impact, which is not what hiring an external writer does.

Sharing is a risk response strategy used for positive risks where ownership of the opportunity is assigned to a third party who is best able to capture the opportunity for the benefit of the project.