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There are seven risk responses for any project. Which one of the following is a valid risk response for
a negative risk event?
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 options D, B, and C are incorrect. These are risk response for positive risks.