The project team identifies a risk of delayed materials on a project in a remote location. Which of the following actions can the team take to transfer the risk?

The correct answer is C. Move procurement under the general contractor. Transferring risk involves shifting responsibility and impact to a third party. Moving procurement under the general contractor transfers the risk of delayed materials to that contractor, who then becomes accountable for managing supplier and delivery issues.

Project Management Concepts

Question

Options

ADetermine alternative supplies to use
BSource materials locally from other vendors
CMove procurement under the general contractor
DSchedule deliveries earlier to ensure availability

How the community answered

(26 responses)

A
12% (3)
B
4% (1)
C
69% (18)
D
15% (4)

Explanation

Transferring risk involves shifting responsibility and impact to a third party. Moving procurement under the general contractor transfers the risk of delayed materials to that contractor, who then becomes accountable for managing supplier and delivery issues.

Topics

#Risk Management#Risk Transfer#Risk Response Strategies#Procurement Management

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