Which of the following is NOT part of the STARR method of handling risk?

The STARR method of handling risk includes five distinct strategies: Sharing, Transferring, Avoidance, Reduction, and Retention. Each of these strategies provides a way to identify and manage potential risks in various contexts, such as healthcare, business, or project management.

In this context, sharing involves distributing the risk among multiple parties, often seen in partnerships or collaborative projects. Avoidance refers to eliminating the risk entirely by changing plans or processes. Reduction focuses on minimizing the impact or likelihood of the risk occurring through implementing controls or contingency plans. Retention, the final element, involves accepting the risk when the potential impact is manageable or when it is a calculated risk.

Negotiation, although a crucial skill in many professional settings, does not specifically align with the terms established in the STARR framework. While negotiation can be a method to manage risks by altering agreements or expectations, it is not formally recognized as one of the primary strategies for handling risk within the STARR methodology. Thus, identifying negotiation as not part of the STARR method reflects an understanding of the specific terminologies and approaches defined in this risk management strategy.