Question

What are the three general strategies to mitigate risks?

a.

Avoidance, transfer, and acceptance

b.

Prevention, mitigation, and solution

c.

Identification, assessment, and control

d.

Planning, execution, and monitoring

Posted under Software Engineering

Answer: (a).Avoidance, transfer, and acceptance Explanation:The three general strategies to mitigate risks are avoidance, transfer, and acceptance. Avoidance is taking precautions so that risks will not occur, transfer is looking for another solution, and acceptance is providing for a contingency plan to be invoked when the risk does become a problem.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What are the three general strategies to mitigate risks?

Add Comment

Similar Questions

Discover Related MCQs

Q. What is the process of determining the risk exposure?

View solution

Q. What is the final step in risk management?

View solution

Q. What is the main goal of risk management?

View solution

Q. What is the risk exposure of a risk?

View solution

Q. How often should the risk management process be carried out?

View solution

Q. What are the four types of risks identified by Wallace and Keil (2004)?

View solution

Q. What is the first step in risk management strategy?

View solution

Q. What is the risk exposure for a given risk factor?

View solution

Q. How is risk management a cyclic process?

View solution

Q. Which of the following categories of risks have the most impact on project outcomes, according to a study by Wallace and Keil (2004)?

View solution

Q. What is the suggested ordering of risks that managers should pay attention to, according to Wallace and Keil's study?

View solution

Q. What is the advice given by Tom Gilb in regards to managing risks?

View solution

Q. Which of the following risks can be mitigated through an agile approach?

View solution

Q. What is a work breakdown structure (WBS)?

View solution

Q. What is a milestone in a project?

View solution

Q. What is the purpose of project planning?

View solution

Q. What is the purpose of a work breakdown structure (WBS)?

View solution

Q. What is a milestone in project planning and control?

View solution

Q. What are constraints in project planning?

View solution

Q. What is a PERT chart?

View solution

View All MCQs on Software Engineering

Suggested Topics

Are you eager to expand your knowledge beyond Software Engineering? We've curated a selection of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of Computer Science. Happy exploring!

Web Technologies

Master the building blocks of the web with our Web Technologies MCQs. From HTML and...

Management Information Systems

Discover how businesses leverage technology with our Management Information Systems...

Compiler Design

Unravel the process of translating source code into executable programs with our...

Discrete Mathematics

Refine your mathematical skills essential for computer science with our Discrete...

SQL Server

Master Microsoft's database server with our SQL Server MCQs. Topics cover database...

R Programming

Unleash the power of statistical computing with our R Programming MCQs. Topics cover...

Embedded Systems

Dive into the world of specialized computing systems with our Embedded Systems MCQs....

Formal Languages and Automata Theory

Discover the mathematical models of computation with our Formal Languages and...

MongoDB

Learn the leading NoSQL database with our MongoDB MCQs. Understand everything from...