PMI-RMP · Question #192
You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on…
The correct answer is C. Transference. This is Transference, a negative risk response strategy that shifts the responsibility and impact of a risk to a third party. By hiring an external writer, the project manager moves the burden of producing the user guide - and the associated schedule risk - to someone outside…
Question
You are the project manager for GHY Project and are working to create a risk response for a negative risk. You and the project team have identified the risk that the project may not complete on time, as required by the management, due to the creation of the user guide for the software you're creating. You have elected to hire an external writer in order to satisfy the requirements and to alleviate the risk event. What type of risk response have you elected to use in this instance?
Options
- AAvoidance
- BExploiting
- CTransference
- DSharing
How the community answered
(40 responses)- A3% (1)
- B5% (2)
- C85% (34)
- D8% (3)
Explanation
This is Transference, a negative risk response strategy that shifts the responsibility and impact of a risk to a third party. By hiring an external writer, the project manager moves the burden of producing the user guide - and the associated schedule risk - to someone outside the core team. The risk itself is not eliminated; it is redirected. Avoidance (A) would mean changing the plan to eliminate the risk entirely (e.g., removing the user guide from scope). Exploiting (B) and Sharing (D) are positive risk responses used for opportunities, not threats. Transference is the correct term here because contractual or outsourcing arrangements are classic examples of shifting risk responsibility.
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