A risk has been identified in your project that could save $1M in construction costs. Due to some weaknesses, your company cannot not take all benefits of this risk. Which of the following is the best strategy to respond this risk considering your company condition?

Question

Accepted Answer

A joint venture must be created with another company strong in this field to share this risk.

Answer

This risk event should be enhanced to take advantage of the savings.

Answer

This is a risk event that should be accepted because the rewards outweigh the threats to the project.

Answer

This risk event is an opportunity to the project and should be exploited as much as possible.

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A risk has been identified in your project that could save $1M in construction c...

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