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Risk transfer is the assignment of a risk to a third party using a legal agreement. The following are common examples:1. InsuranceAn insurance policy transfers a specific set of risks such as the fire and flood risk for a particular asset.
2. DerivativesA derivative is a financial product that derives its value from the value of an underlying entity such as an asset or interest rate. They are often purchased by businesses as a hedge against financial risks such as exchange rate risk.3. OutsourcingOutsourcing a project or process typically transfers a variety of risks to a partner. Such transfers are specified in contract terms. For example, penalties may be put in place that are triggered if a project or process doesn't meet a set of minimum requirements.
Project Management
This is the complete list of articles we have written about project management.
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A guide to project risk.
A list of basic project management techniques.
A definition of workaround with examples.
A list of project branding techniques.
A definition of project stakeholder management with examples.
A definition of action plan with examples.
The primary types of cost overrun.
The definition of document control with examples.
A guide to project oversight.
A definition of design driven development with examples.
A list of common project risks.
A list of common project stakeholders.
A list of common business risks.
The difference between a risk and an issue.
The four things that can be done about risk.
The definition of secondary risk with examples.
A guide to creating a risk register with an example.
A definition of risk perception with examples.
The common types of implementation.
A reasonably complete guide to project risk management.
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