A purchasing agent is responsible for ordering hardware for a custom home his company is building. The contractor installing the hardware is scheduled to start in $5$ working days, but the hardware is on backorder and will not arrive for another $9$ working days. Fortunately, the purchasing agent has $10$ days of slack; however, he shares this slack with the hardware installer. He will have to let the contractor know that the hardware will be ready $4$ days later than expected and that the slack for the installer has been reduced by $4$ days. The purchasing agent and the installer share $10$ days of

a$.$ free slack.

b$.$ shared slack.

c$.$ total slack.

d$.$ critical slack.

e$.$ functional slack

Which of the following responses best characterizes how to respond to a risk that has considerable upside, or opportunity?

a$.$ Mitigate risk

b$.$ Avoid risk

c$.$ Transfer risk

d$.$ Escalate risk

e$.$ Retain risk