Question: A project manager is concerned about the workload an internal team is taking on for an upcoming project. The project manager decides to shift this

A project manager is concerned about the workload an internal team is taking on for an upcoming project. The project manager decides to shift this workload to an external supplier. What kind of risk mitigation strategy is this and how please explain.

Step by Step Solution

3.59 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The strategy the project manager is utilizing here is called Risk Transference This is one of the ma... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!