When considering risk response development, assuming the risk because the chance of such an event is slim is known as _________ the risk.
A) transferring
B) mitigating
C) avoiding
D) retaining
E) escalating

Question

Quizplus · Accepted Answer

Retaining the risk involves accepting the possibility of the risk event occurring, often because the likelihood is considered low or the impact is deemed manageable within the project's context. This approach does not actively seek to reduce the risk but rather acknowledges and prepares to deal with it if it occurs.

When Considering Risk Response Development, Assuming the Risk Because the Chance