During the planning phase of a project, the project manager identifies that a key developer might leave the company, which could cause significant delays. What is the BEST risk response strategy to address this potential issue?
Avoid the risk by canceling the project.
Mitigate the risk by cross-training other team members to cover the developer's responsibilities.
Accept the risk and monitor it throughout the project.
Transfer the risk by hiring a contractor who can replace the developer if needed.
Mitigating the risk by cross-training other team members is the best response. This proactive approach reduces the impact of the developer leaving by ensuring others can cover their responsibilities, thereby minimizing potential delays. Transferring the risk by hiring a contractor doesn't eliminate the dependency on external resources and may not fully address the knowledge gap. Accepting the risk without action leaves the project vulnerable. Avoiding the risk by canceling the project is an extreme response and not appropriate in this context.
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