Concept 7
Risk Transfer
Shifting financial impact to another party.
Risk transfer means shifting the financial impact of a risk to another party.
This does NOT remove the risk itself.
Common methods:
- Insurance
- Outsourcing
- Contracts
Concept 7
Shifting financial impact to another party.
Risk transfer means shifting the financial impact of a risk to another party.
This does NOT remove the risk itself.
Common methods: