CompTIA Project+ (PK0-004) — Question 105

Which of the following describes risk mitigation?

Answer options

• A. The transfer of the risk to another entity or project inside or outside the organization, along with associated costs.
• B. The understanding of the risk with a detailed explanation of how the project intends to address the potential for occurrence.
• C. The quantification of the risk in terms of how much the risk could potentially cost the project or parent organization.
• D. The weighting or prioritization of the risk against all other identified risks within this project or others associated with it.

Correct answer: B

Explanation

The correct answer is B because risk mitigation involves understanding the risk and outlining the strategies for managing it. Options A, C, and D describe other risk management processes such as risk transfer, risk quantification, and risk prioritization, but do not specifically define risk mitigation.