ESE 2023Q9
Q: Consider the following strategies for mitigating risk under risk response development: 1. Reduce the likelihood that the event will occur 2. Reduce the impact that the adverse event would have on the project 3. Analyze the project to identify sources of risk 4. Assess risks in terms of severity of impact Which of the above strategies are correct?
(a)1 and 2 only
(b)3 and 4 only
(c)1 and 4 only
(d)2 and 3 only
Correct Answer: (d)
Detailed explanation coming soon.