Question: You are managing a construction project, and your regular lumber supplier tells you that their supplies are running low, and there may be a delay

You are managing a construction project, and your regular lumber supplier tells you that their supplies are running low, and there may be a delay in getting the lumber to you. If that happens, it will delay your project. So you decide to hire another vendor that has plenty of lumber supplies in its inventory and will be able to supply at short notice. What risk response strategy have you employed? A. Share B. Mitigate C. Avoid D. Transfer

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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!