A construction company has not been on the job for more than two weeks. Which of the following is an example of how a project manager can utilize the transfer risk strategy?

Changing the schedule to accommodate a new finish date is risk acceptance - specifically active acceptance - where the project absorbs the impact of the risk by adjusting its own plan.

Hiring a new company transfers the risk of project delay and non-performance to a separate contractor who assumes contractual obligation and liability for completing the work. This is the defining characteristic of risk transfer - responsibility and exposure move to another party rather than remaining with the project team. Transfer does not eliminate the risk but reassigns who bears the consequence if it materializes.

Calling the project sponsor to explain the situation is an escalation and communication action, not a formal risk response strategy that transfers, mitigates, avoids, or accepts the identified risk.

Requiring the same construction company to send new employees keeps the risk within the existing vendor relationship and represents a mitigation attempt, not a transfer to a distinct new entity.