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Your team has come up with 45 risks. Out of 45 risks,team was not able to come up with an effective way to mitigate or insure against a particular risk. This risk is related to proprietary work so it cannot be outsourced or deleted. What is the BEST solution in this scenario?
a) Accept the risk
b) Try to explore ways to mitigate the risk
c) Look for alternatives to avoid the risk
d) Consult others to explore options to transfer the riskCorrect answer is A.
Since we cannot outsource or mitigate the risk and delete the work package having the risk, so the only option left is to accept the risk.
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