Which of the following strategies means that the impact of the risk will be reduced ?
Correct answer: B. Minimization strategies
- A. Avoidance strategies
- B. Minimization strategies
- C. Contingency plans
- D. All of the mentioned
Explanation
Minimization strategies reduce the probability or impact of a risk while allowing the project to continue. Avoidance attempts to remove the risk entirely, whereas contingency plans specify what to do after a risk occurs.
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