Preparing Practice Exam…
Please wait a moment while the system generates the exam questions, answers, and study session.
Please wait a moment while the system generates the exam questions, answers, and study session.
Project Management Professional · PMI
Select one answer.
Written by other learners. Comments can disagree with the marked answer — check the official documentation when in doubt.
- Transfer involves shifting the negative impact of a risk to a third party. Insurance is the most common example of risk transfer — the financial impact of the risk is transferred to the insurance company. Other examples include performance bonds, warranties, and fixed-price contracts. Note that transferring a risk does not eliminate it; it shifts the financial burden.