Sanjay is managing a multi-million-dollar construction project that is scheduled to take nearly three years to complete.

During the planning phase, he discovers a serious threat to the project schedule and budget due to the fact that he is planning to build during monsoon season in a flood area. After evaluating his options, he decides to build earlier in the year to complete critical parts of the project before the possibility of damage from monsoon flooding.

This is an example of:

a. Risk avoidance

b. Risk transference

c. Risk mitigation

d. Risk acceptance