CSSLP · Question #236
You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical…
The correct answer is D. Transference. Hiring an expert third-party team to handle a dangerous and technically challenging task transfers the risk and responsibility for that specific activity to another entity.
Question
You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly dangerous. High technical skill will be required for casting that column. You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?
Options
- AAvoidance
- BAcceptance
- CMitigation
- DTransference
How the community answered
(53 responses)- A2% (1)
- B2% (1)
- C6% (3)
- D91% (48)
Why each option
Hiring an expert third-party team to handle a dangerous and technically challenging task transfers the risk and responsibility for that specific activity to another entity.
Avoidance means eliminating the risk entirely by choosing not to perform the activity or changing the project scope, which is not what hiring an expert team does.
Acceptance means acknowledging the risk and deciding not to take any action to address it, which is contrary to hiring an expert team.
Mitigation involves taking steps to reduce the likelihood or impact of a risk, but hiring a third party for the task is primarily a transfer of responsibility.
Transference involves shifting the responsibility and potential impact of a risk to a third party, often through contracts or insurance; hiring an expert team shifts the risk of failure or incident to them.
Concept tested: Risk response strategies - transference
Source: https://www.pmi.org/learning/library/risk-management-response-strategies-6364
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