You are the project manager of a large construction project. Part of the project involves the wiring of the electricity in the building your project is creating. You and the project team determine the electrical work is too dangerous to perform yourself so you hire an electrician to perform the work for the project. This is an example of what type of risk response?

Question

Quizplus · Accepted Answer

Transference involves shifting the impact of a risk to a third party, such as hiring an expert or outsourcing work to manage the risk.

You Are the Project Manager of a Large Construction Project