Several key resources will be unavailable at the end of the project. The key stakeholders want to outsource the project to a third party. Which of the following risk responses is described in this sit

Risk avoidance means eliminating the risk entirely by changing the project plan or scope, which is not what outsourcing does.

Risk mitigation involves taking action to reduce the probability or impact of a risk, not shifting it to another entity.

Risk acceptance means acknowledging the risk and deciding not to take any action to address it, which is contrary to actively outsourcing the project.

Risk transference involves shifting the responsibility for a risk to a third party, often through outsourcing, insurance, or contracts. In this scenario, by outsourcing the project, the stakeholders are moving the risk of resource unavailability and project completion to the third-party organization.