Which of the following describes risk mitigation?

Which of the following describes risk mitigation?
A . The transfer of the risk to another entity or project inside or outside the organization, along with associated costs.
B . The understanding of the risk with a detailed explanation of how the project intends to address the potential for occurrence.
C . The quantification of the risk in terms of how much the risk could potentially cost the project or parent organization.
D . The weighting or prioritization of the risk against all other identified risks within this project or others associated with it.

View Answer

Answer: B