When developing risk responses, what are the primary strategies used to address threats that may negatively impact project objectives?
Exploit, Transfer, Accept, Mitigate
Share, Escalate, Enhance, Avoid
Avoid, Transfer, Mitigate, Accept, Escalate
Accept, Enhance, Share, Transfer
When dealing with threats in a project, the primary response strategies include: 'Avoid', which involves changing the project management plan to eliminate the threat or its impact; 'Transfer', where the risk is shifted to a third party; 'Mitigate', which seeks to lower the probability of the threat or its impact; 'Accept', indicating a willingness to deal with a threat if it occurs, possibly by establishing a contingency plan; and 'Escalate', where the risk is passed to a higher authority if it is beyond the project manager's control.
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