THE PROJECT MANAGEMENT INSTITUTE DECIDED TO HOLD THEIR ANNUAL MEET...

23. The project management institute decided to hold their annual meetingin New Orleans, Louisiana. This conference represents a substantialamount of PMI’s operating budget for the year. PMI identified a riskof hurricanes during the month of September when the conference wasto be held. PMI decided to purchase convention insurance to offset theloss of convention revenue if a hurricane caused cancellation of theconference. This is a risk management strategy called:a. Avoidance.b. Deflection.c. Acceptance.d. Mitigation.