As part of a project to refurbish a large hotel chain, the wiring of the computer network was subcontracted to a specialist IT organisation. In relation to managing risk in the project this approach can be referred to as:
I'm pretty confident this is a transfer of risk. By subcontracting the wiring work, the hotel chain is passing that risk on to the specialist IT organization. That seems like the best answer here.
I'm a bit confused on this one. Is subcontracting the same as reducing the risk? Or is it more about transferring the risk to someone else? I'll have to think it through step-by-step.
Okay, I've got this. Subcontracting the wiring work to a specialist IT organization is a way to transfer the risk to another party. That's the correct answer here.
Hmm, I'm a bit unsure about this one. Transferring the wiring work to a specialist IT organization - is that considered reducing, avoiding, transferring, or accepting the risk? I'll have to re-read the question carefully.
This looks like a classic API architecture question. I think the key is to understand the different tiers and where the security and formatting requirements should be enforced.
Transferring the risk to the IT specialists is the way to go. Although, I heard their idea of 'refurbishing' involves rewiring the entire hotel with duct tape and paperclips.
Transfer, definitely. Outsourcing the network work is a great way to manage the risk. Though I did hear the IT company likes to 'electrify' their projects - yikes!
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