PMP Exam Simulator

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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

You have been transferring glass decorations for a while without any issues. However this time, your estimation shows that there is a 10% probability that the decorations could be damaged and they are worth $650,000. While exploring the possibility to transfer the risk to an insurance company, you find out that the insurance premium is $20,000. What would be the best thing for you to do in this case, as the project manager?