A project team has purchased computers with warranties extending throughout the entire project. Which of the following represents the risk strategy utilized?

The correct answer is C. Mitigate. Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business. Comparable to risk reduction, risk mitigation takes steps to reduce the negative effects of threats and disasters on business continuity.

Project management concepts

Question

Options

ATransfer
BShare
CMitigate
DAvoid

How the community answered

(38 responses)

A
3% (1)
B
5% (2)
C
92% (35)

Explanation

Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business. Comparable to risk reduction, risk mitigation takes steps to reduce the negative effects of threats and disasters on business continuity.

Topics

#risk mitigation#risk strategies#warranty#risk response

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