Which of the following is a risk strategy?

The correct answer is B. Risk avoidance. Risk strategies (also called risk response strategies) are the planned actions taken to address identified risks. The four standard negative risk response strategies are: Avoid, Transfer, Mitigate, and Accept. Risk avoidance (B) is a strategy that eliminates the threat by…

Project management concepts

Question

Options

ARisk quantification
BRisk avoidance
CRisk identification
DRisk review

How the community answered

(51 responses)

A
2% (1)
B
92% (47)
C
2% (1)
D
4% (2)

Explanation

Risk strategies (also called risk response strategies) are the planned actions taken to address identified risks. The four standard negative risk response strategies are: Avoid, Transfer, Mitigate, and Accept. Risk avoidance (B) is a strategy that eliminates the threat by changing the project plan to remove the risk entirely. Risk quantification (A) and risk identification (C) are steps in the risk management process, not strategies. Risk review (D) is an ongoing monitoring activity. Only risk avoidance represents an actual response strategy among the choices given.

Topics

#risk avoidance#risk response strategies#risk management#risk planning

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