Risk transfer (a.k.a., contingency planning) is the risk management technique during which risks to the endeavor are transferred to other parties.
The responsibilities for risks can sometimes be transferred to other parties (e.g., via contract or insurance).
The typical objectives of risk transfer are to:
Risk identification can typically begin when the following preconditions hold:
Risk transfer is typically complete when the following postconditions hold:
Risk transfer typically involves members of the endeavor’s teams performing the following steps in an iterative, incremental, parallel, timeboxed, and ongoing manner:
Risk transfer typically results in the production of all or part of the following work products:
Risk transfer typically has the following limitations: