As per the project schedule, a team of consultants have to travel to Mexico to implement a new warehouse management product at its manufacturing locations. However, the project manager decides to defer the activity considering a recent flu breakout in the region. This is an example of risk _____________:
A)Reward
B)Sharing
C)Transfer
D)Avoidance

Question

Quizplus · Accepted Answer

Avoidance. In this case, avoiding the risk comes with a major cost - a serious project delay might occur as a result. However, these are decisions that a management team must often make.
Key takeaway: A good business continuity plan might have made this decision for the manager. The manager might not want his/her project to get knocked off track, and thus is willing to take the risk that no one will get sick. However, a good business continuity planner may already have implemented a policy that absolutely prevents this.

As Per the Project Schedule, a Team of Consultants Have