Which risk response involves adopting proven technology to eliminate technical failure?

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Prepare for the UCF MAN4583 Project Management Final Exam. Study with flashcards and multiple choice questions, each featuring hints and explanations. Ace your exam!

The choice of adopting proven technology to eliminate technical failure aligns with the concept of risk response known as avoiding. This response strategy specifically focuses on eliminating the risk entirely, which in this scenario is achieved by using established and reliable technology. By selecting technology that has been tested and is known to work, the project team effectively mitigates the chance of encountering the risks associated with technical failures. Avoiding risks is one of the most proactive approaches in project management, as it seeks to prevent the risk from occurring in the first place rather than addressing it after it has materialized.

In contrast, other response strategies involve different approaches to deal with risks. For instance, mitigation may involve reducing the impact or likelihood of a risk rather than outright avoiding it. Transferring risks usually involves shifting the risk to a third party, such as through insurance or outsourcing, rather than eliminating it. Accepting a risk implies that the project team acknowledges its existence and is prepared to deal with the consequences should it occur, rather than taking actions to avoid it. Thus, the context of adopting proven technology makes avoiding the most appropriate answer.