Risk Management Question 24

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A fire has just destroyed a warehouse that was being constructed as part of a large project you are managing. What would have been the easiest way to ensure that this force majeure would not significantly impact the cost of your project?

a) Reduce the impact of such risk by transference
b) Reduce the probability that the event will take place
c) Accept the risk
d) Eliminate the threat by not building the warehouse

[admin]

The correct answer is A.

Transference by contract or insurance is the best answer.

Pass PMP in the First Attempt : PMP Strategy

Revise Risk Management Concepts: Project Risk Management

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