ITPEC IP October 2023 Question 52
ITPEC IP October 2023 — Question 52 of 100
Analyzing the previous delay and building preventive measures into the new plan mitigates the risk. Mitigation reduces the probability that the delay occurs or reduces its impact while the planned subcontracting relationship remains in place. Learning from the earlier cause directly addresses the exposure.
Answer (a)
Why not others:
- (b) cancels the risky subcontract and therefore avoids the risk
- (c) shifts part of the financial consequence to Company A through contract terms and therefore transfers the risk
- (d) budgets for response costs without reducing probability or impact and is a form of acceptance or contingency planning
Key rule: Avoid removes the threat, mitigate reduces likelihood or impact, transfer reallocates consequences, and accept prepares to tolerate or respond to it.
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