PMP Exam Simulator

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3h 50m 0s
info iconPMP exam lasts 230min and has 180 questions
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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: