Risk responses: avoid, mitigate, transfer, accept, escalate, exploit, enhance and share; contingency and management reserves

Once risks are analyzed, each high-priority risk gets a planned response. The response should fit the size of the risk, be affordable, be owned by one person and be agreed in advance, so that when the trigger appears nobody has to invent a plan under pressure. Project+ expects you to match a scenario to the right response and to know which responses apply to threats and which to opportunities.