Question: Match each risk response with its definition. Risk Response Strategy Category Risk Response Definitions Transfer Move the risk to a third party Reduce / Mitigate
Match each risk response with its definition.
Risk Response Strategy Category
Risk Response Definitions
Transfer
Move the risk to a third party
ReduceMitigate
Put on a watch list and monitor
Actively Accept
Create a contingency plan backed up with resources
Passively Accept
Reduce the likelihood or impact of the risk
Avoid
Eliminate the source of the risk
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
