The process of deciding how to approach and plan areas of risk in the project is known as risk _______.
- identification
- management
- mitigation
- response
The term "risk response" refers to the process of deciding how to approach, address, and handle identified risks in a project. It includes actions like accepting the risk, transferring it, mitigating it, or avoiding it. Effective risk response planning ensures that risks are managed proactively.
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