A risk management team for a software project decided to outsource the development of a specific portion of a system due to a lack of internal resources. Which of the following risk responses does…

The correct answer is B. Transfer. Outsourcing the development of a system component due to a lack of internal resources is a risk response strategy known as 'transfer.' This approach shifts the risk to a third party who will now be responsible for managing that portion of the project. It is commonly used when…

Project Management Concepts

Question

A risk management team for a software project decided to outsource the development of a specific portion of a system due to a lack of internal resources. Which of the following risk responses does this demonstrate?

Options

AAvoid
BTransfer
CAccept
DShare

How the community answered

(42 responses)

A
2% (1)
B
90% (38)
C
2% (1)
D
5% (2)

Explanation

Outsourcing the development of a system component due to a lack of internal resources is a risk response strategy known as 'transfer.' This approach shifts the risk to a third party who will now be responsible for managing that portion of the project. It is commonly used when an organization does not have the expertise or capacity to handle specific risks internally.

Topics

#Risk Management#Risk Response Strategies#Risk Transfer#Outsourcing

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