A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?
Hiring a contractor does not transfer the risk to the contractor. The contractor is a project human resource and as an SME may be better able to complete the associated tasks. It may transfer the "accountability" in a RACI, but the PM is still going to be responsible. Transferring a risk generally refers to insurance.
i believe you are not transfering the risk but mitigating it by outsourcing to a provider but you still own the risk as HW is an asset of your project required to meet your business goals
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