Asked by Tashae Thomas on Jun 16, 2024
Verified
During the closeout phase, agreements for risk transfer should be concluded.
Risk Transfer
A risk management strategy where the potential for loss or damage is shifted from one party to another, often through insurance or contractual agreements.
- Understand the distinct approaches to risk management, including the methods of sharing, transferring, and mitigating risks.
Verified Answer
AS
Aysha ShakilJun 21, 2024
Final Answer :
True
Explanation :
During the closeout phase, all necessary agreements for risk transfer should be completed, ensuring that all parties involved have accepted and assumed the risk associated with the project's completion.
Learning Objectives
- Understand the distinct approaches to risk management, including the methods of sharing, transferring, and mitigating risks.