Oracle Guided Learning Project Management Foundations Associate Quiz 02 15Nov24 - Practice Quiz

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Question 1 of 30

A project manager is leading a software development project and has identified several potential risks, including a tight deadline, reliance on a new technology, and the possibility of key team members leaving the project. After assessing these risks, the project manager decides to implement a strategy that involves developing a backup plan for the new technology and cross-training team members to ensure continuity. Which risk management approach is the project manager primarily employing in this scenario?

Risk mitigation

Risk acceptance

Risk transfer

Risk avoidance

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