Which of the following risk responses delineates that the project plan will not be changed to deal with the risk?

A.
Exploitation

B.
Mitigation

C.
Acceptance

D.
Transference

Explanation:

Acceptance response is a part of Risk Response planning process. Acceptance response delineates that the project plan will not be changed to deal with the risk. Management may develop a contingency plan if the risk does occur. Acceptance response to a risk event is a strategy that can be used for risks that pose either threats or opportunities. Acceptance response can be of two types. Passive acceptance. It is a strategy in which no plans are made to try or avoid or mitigate the risk. Active acceptance. Such responses include developing contingency reserves to deal with risks, in case they occur.
Acceptance is the only response for both threats and opportunities.

Answer option B is incorrect. Mitigation is a risk response planning technique associated with threats. It seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold. Answer option A is incorrect. Exploitation is a strategy that may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Answer option D is incorrect. When you are hiring a third party to own risk, it is known as transference risk response.