Harry is the project manager of the MMQ Construction Project. In this project, Harry has identified a supplier who can create stained glass windows for 1,000 window units in the construction project.

Mitigation involves taking proactive steps to reduce the probability or impact of a negative risk event before it occurs. By switching to a supplier with sufficient capacity, Harry reduces the likelihood that windows will not be delivered on time, directly lowering the probability of the schedule risk. This is distinct from avoidance because the stained glass windows are still being used; only the risky supplier is being replaced.

Acceptance means proceeding with the current supplier and either ignoring the risk or preparing a contingency, not actively seeking a capable alternative.

Avoidance would eliminate the risk entirely, such as redesigning the building to remove the need for stained glass windows altogether, not simply choosing a more capable supplier.

Transference would involve contractually shifting the delivery risk to the supplier (e.g., through performance bonds or penalties), not replacing the supplier with one who can meet the deadline.