Certified Supply Chain Professional (CSCP) Practice Exam

Which risk response means altering plans to enhance risk protection?

1. Mitigate

2. Transfer

3. Avoid

4. Accept

The correct answer is: Avoid

The response characterized as altering plans to enhance risk protection is known as mitigation. This approach involves taking proactive steps to reduce potential negative impacts of risks by implementing strategies that lower the likelihood of the risk occurring or lessen its effects if it does happen. Mitigation can include redesigning processes, applying safety measures, or utilizing technology to reduce vulnerabilities. Understanding risk response strategies is crucial in managing a supply chain effectively. While avoiding a risk entails changing plans to circumvent it entirely, which is sometimes necessary, it does not inherently enhance protection, as mitigation specifically implies a focus on enhancing defenses against identified risks.