Which of the following describes risk mitigation?
A) The transfer of the risk to another entity or project inside or outside the organization, along with associated costs.
B) The understanding of the risk with a detailed explanation of how the project intends to address the potential for occurrence.
C) The quantification of the risk in terms of how much the risk could potentially cost the project or parent organization.
D) The weighting or prioritization of the risk against all other identified risks within this project or others associated with it.

Question

Quizplus · Accepted Answer

Risk mitigation involves understanding the risk and detailing how the project plans to address the potential occurrence, aiming to reduce its impact or likelihood.

Which of the Following Describes Risk Mitigation