Transfer is a risk management strategy that involves shifting the responsibility or impact of a risk to a third
party, such as an insurance company, a vendor, or a contractor1. By buying an extended warranty for a set of
servers, the project manager is transferring the risk of server failure or malfunction to the warranty provider,
who will cover the cost of repair or replacement in case of a risk event. This way, the project manager reduces
the exposure and liability of the project to the risk, while still retaining some level of accountability and
oversight2. References = CompTIA Project+ PK0-005 Certification Study Guide, Chapter 8: Planning Projects
Part 4, page 245; 4 Risk Management Strategies for Successful Project Execution, Risk transferring
section; How to Manage Project Risk: A 5-Step Guide, Risk treatment section.