How many risk response types are available for a negative risk event in the project?

You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your
project with your team. How many risk response types are available for a negative risk event in the
project?

A.
Three

B.
Seven

C.
One

D.
Four

Explanation:
There are four risk responses available for a negative risk event. The risk response
strategies for negative risks are: Avoid: It involves altering the project management plan to remove
the threats completely. Transfer: It requires shifting some or all of the negative effects of a threat
including the ownership of response, to a third party. Mitigate: It implies a drop in the probability
and impact of an unfavorable risk event to be within suitable threshold limits. Accept: It delineates
that the project plan will not be changed to deal with the risk. Management may develop a
not three, responses for negative risk events. Do not forget that acceptance can be used for

can be used for negative risk events.