Question

Cancelling a dance class after several students hurt themselves is an example of which risk management strategy?

Answer 1

Avoid - switch the plans to circumvent problem 
Mitigate - Reduces impact or likelihood 
Accept - Take the chance of bad impact 
Transfer - Outsource Risk (Insurance etc) 

In this case, the risk was avoided since the classes were cancelled.

Answer 2

Avoid strategy as the threat risk is directly related to identified threats or these sources of threats are cancelled

which risk management strategy?

• Develop the contingency plan ("fall back, plan B") for the high risk . Are cues or triggers identified to activate contingency plans and risk reviews
• Evaluate the status of the each action.
• Integrate plans into IMS or program management baselines

Risk managements are defined as:

The identification , analysis, or control or possibly elimination of any undesired hazards and risks arising from the certain situation and activity

There are four risk management strategies which are:

1. Avoid: To eliminate a risk by totally avoiding the situation or the activity
2. Mitigate: try to reduce the expected hazards of any situation or activity
3. Accept: To accept the hazards or take your chances
4. Transfer: To outsource the risk (as  case of insurance)

In case of cancelling the dance class, we could note that the risks is directly related to the identified threats or the threats is totally cancelled in the order to avoid those risks. Therefore, the best strategy describing it situation is "avoid strategy"

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