Certified Governance Risk and Compliance (CGRC) Practice Exam 2025 - Free CGRC Practice Questions and Study Guide

Transference is the correct response in this scenario because it involves shifting the risk and its impact from one party to another. By hiring an external writer, the project team is effectively transferring the risk associated with the completion timeline to the external writer. This means that if the project does not complete on time due to the writer's actions or failures, the responsibility and impact of that risk fall on the external party, rather than the project team itself.

The essence of transference lies in leveraging the expertise or capacity of others to mitigate potential negative consequences stemming from specific risks. In this case, the project team seeks to ensure that the writing task is handled by someone who may have specialized skills and resources, ideally leading to a higher likelihood of meeting deadlines.

In contrast, sharing, avoidance, and exploiting do not align with the action of hiring an external writer. Sharing would imply that the risks and responsibilities are distributed among multiple parties in a partnership, rather than being fully transferred. Avoidance means completely eliminating the risk, which would not occur simply by outsourcing a task. Exploiting refers to enhancing opportunities rather than addressing risks, which is not relevant in the scenario of managing project timelines through third-party involvement.