Regarding the 4 risk response strategies – Avoidance, Mitigation, Transference, Acceptance, a. Which strategy should not

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Regarding the 4 risk response strategies – Avoidance,
Mitigation, Transference, Acceptance,
a. Which strategy should not be applied for high-ranking risks,
and why? (2 marks)
b. Which strategy may not be applied if the root causes are not
known, and why? (2 marks)
c. Suppose ‘inexperienced project manager’ is a risk in a
particular project. To cater to this risk, one possible action is
to replace the project manager with a more experienced person.
Briefly explain which risk response strategy you are applying? (3
marks)
d. Suppose replacing the project manager is not possible,
describe another action plan based on a different risk response
strategy to the one in (c). (3 marks)