Risk Management
What is Risk?
TBP
Risk Management
TBP
Risk Response Strategy
Risk response is the set of actions a project team plans and executes to address identified risks. For threats, common strategies include avoidance (eliminating the risk altogether), mitigation (reducing likelihood or impact), transfer (shifting ownership, such as through insurance), and acceptance (acknowledging without active action, sometimes with contingency reserves). For opportunities, strategies include exploitation (ensuring the opportunity is realized), enhancement (increasing likelihood or benefit), sharing (partnering to capture value), and acceptance (taking advantage if it occurs).
PMBOK 6 presents these strategies as outputs of the Plan Risk Responses process, feeding into project documents and updates. PMBOK 7 reframes them in terms of tailoring and value delivery, emphasizing proactive decision-making.
This placeholder keeps the page functional and sets the stage for future content. Expanded versions will include practical examples, decision trees, and exam-focused mnemonics for remembering risk response types.
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