What sort of risks would be best dealt with by each of the risk management techniques? There are four risk management techniques:Avoidance, Transference,Mitigation,Acceptance.Avoidance is used to deal with risks occured early in the project to avoid high risk activities. Transference is best to deal financial risks.It includes using insurance,warranties,etc. Mitigation is to reduce the probability and consequences of adverse risks, best to deal with sequential risks. Acceptance deal with any risk that cannot be identified by other techniques.
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