Within the realm of IT project management, which risk management strategy involves recognizing a potential risk but deciding not to take any action unless the risk occurs?
- Risk Acceptance
- Risk Avoidance
- Risk Mitigation
- Risk Transfer
'Risk Acceptance' is a risk management strategy in which the project team recognizes a potential risk but chooses not to take any proactive action unless the risk actually materializes. This approach is often used for risks with low impact or likelihood.
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