You Are the Project Manager for GHY Project and Are

question 49

Multiple Choice

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?

• A) Sharing
• B) Avoidance
• C) Transference
• D) Exploiting

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Definitions:

Past Experience

Previous events or activities that an individual or organization has encountered, affecting their behavior or decisions.

External Information

Information that originates outside an organization, which can influence decisions and strategies, including market trends, economic indicators, and competitive data.

Impulse Purchases

Items bought without prior planning or consideration, often triggered by emotions or the immediate appeal of the product.

Self-Actualization

When a person is completely satisfied with his or her life.