New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Which technique is often used for risks that are high

    impact or high likelihood and cannot be managed through other techniques
    A Transfer Correct Answer Incorrect Answer
    B Tolerate Correct Answer Incorrect Answer
    C Terminate Correct Answer Incorrect Answer
    D Treat Correct Answer Incorrect Answer
    E Tack Correct Answer Incorrect Answer

    Solution

    This risk management technique involves eliminating the risk altogether. This can be done by changing the project scope, changing the process or procedure, or avoiding the risk altogether. This technique is often used for risks that are high impact or high likelihood and cannot be managed through other techniques.

    Practice Next

    Relevant for Exams: