The statement is correct. Transferring risk is one of the fundamental risk management options, along with avoiding, mitigating, and accepting risks. Transferring could involve purchasing insurance or outsourcing an element of the project to a contractor who can better handle the particular risk.
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What are the different risk management options in project management?
How does transferring risk work in practice?
What is the importance of risk management in project management?
This question's topic:
PMI Project Management Professional (PMP) /
Process
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