The project manager for a multinational project is evaluating the option of scheduling face quick responses to issues. Which of the following strategies is being applied?

Question

Options

• ARisk acceptance
• BRisk avoidance
• CRisk transference
• DRisk mitigation

• C
  4% (1)
• D
  96% (23)

Explanation

Risk mitigation (D) involves taking proactive actions to reduce the probability or impact of a risk. Scheduling face-to-face meetings to enable quicker responses to issues directly reduces the impact of communication delays - a common risk in multinational projects. By ensuring faster issue resolution through direct interaction, the project manager is mitigating the risk of problems escalating due to slow or miscommunicated responses. Risk acceptance (A) means acknowledging a risk and taking no action. Risk avoidance (B) means changing the plan to eliminate the risk entirely. Risk transference (C) means shifting the risk to a third party (e.g., insurance or outsourcing). None of these apply here - the project manager is actively reducing risk impact, which is mitigation.

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