You are the project manager of the HJK project for your organization.
You and the project team have created risk responses for many of the risk events in the project.
A teaming agreement is an example of what risk response?
Click on the arrows to vote for the correct answer
A. B. C. D.B.
The correct answer is B. Sharing.
A teaming agreement is an example of risk sharing as it involves collaborating with a third party to jointly manage the risk. A teaming agreement is a legal contract between two or more organizations to share resources, expertise, and risks to achieve a common goal.
In the context of project management, a teaming agreement can be used to share the risk associated with a specific task or project with another organization or team. By sharing the risk, both parties benefit from the expertise and resources of each other, and the likelihood of the risk occurring is reduced.
Risk mitigation refers to reducing the probability or impact of a risk event, while risk acceptance means acknowledging the risk and deciding not to take any action to address it. Risk transference involves transferring the risk to another party, such as an insurance company or a vendor.
In summary, a teaming agreement is an example of risk sharing, which is a risk response strategy that involves collaborating with a third party to jointly manage the risk.