You are the project manager for GHY Project and are working to create a risk response for a
negative risk. You and the project team have identified the risk that the project may not complete
on time, as required by the management, due to the creation of the user guide for the software
you’re creating. You have elected to hire an external writer in order to satisfy the requirements and
to alleviate the risk event. What type of risk response have you elected to use in this instance?

A.
Transference

B.
Exploiting

C.
Avoidance

D.
Sharing

Explanation:
This is an example of transference as you have transferred the risk to a third party.
Transference almost always is done with a negative risk event and it usually requires a contractual
relationship.