PMP Exam Simulator

alarm icon
4h 0m 0s
info iconPMP exam lasts 4h and has 200 questions
info iconUse acceleration to have extra 30m in reserve on exam

lock iconRisk Management

Benjamin is a project manager and he has done a considerable job to identify a few risks. Purchasing insurance is an option to deal with those risks. The cost for this insurance is reasonable. Benjamin's analysis shows that getting insurance makes sense as a contingency plan in these cases. The company where he works has a low threshold for risk but wants to keep costs in line as the profit margin on the product of this project is low. The strategy of getting insurance is best considered as: