^ [[Appendix G - Glossary - PM2]] # Transfer (risk- response strategy) Transfer is a risk-response strategy that consists of transferring the risk to a third party (e.g. through insurance or outsourcing activities). This strategy does not relieve the organisation of a risk, but it may reduce the likelihood (e.g. by outsourcing an activity to a specialist party) and/or the impact if the risk occurs. There is always a level of secondary and/or residual risk since the ultimate responsibility for the project risks remains with the organisation. Spanish Guide: [[Transfer (risk- response strategy)]]