6 Questions
What is the recommended action to take if you cannot prevent a risk from happening?
Mitigate it
Which risk management strategy involves paying someone else to bear the risk?
Transfer
What does risk reduction involve?
Maintaining your vehicle
If you can't avoid, mitigate, or transfer a risk, what is the remaining option?
Accepting it
What analogy is given for risk reduction in the text?
Looking both ways before crossing the street
In what situation is accepting a risk the only choice according to the text?
When you can't avoid or reduce the impact of the risk
Test your knowledge on risk management techniques including avoiding and mitigating risks. Learn about strategies to prevent potential risks from impacting your projects.
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