CompTIA Updated PK0-004 Exam Questions and Answers by denis

You’ll use several strategies when determining both negative risks and opportunities and formulating your response plans. The strategies to deal with negative risks include the following:

Avoid: Avoiding the risk altogether or eliminating the cause of the risk event

Transfer: Moving the liability for the risk to a third party by purchasing insurance, performance bonds, and so on

Mitigate: Reducing the impact or the probability of the risk

Accept: Choosing to accept the consequences of the risk

Collaboration tools allow project team members to work on the same documents while maintaining version control so only the most recent document is available for review. For example, you might post an SOW and alert your team members that you’d like them to review and make their additions and changes to the document. The collaboration tool provides a check-in and check-out process so that team members are always reviewing and updating the latest version of the document.