Risk Response

Risk response refers to the planned actions taken to address potential problems that could impact a project or goal. It involves identifying possible risks and deciding how to handle them—either by avoiding them, reducing their impact, transferring the risk to someone else, or accepting it if the risk is manageable. This process helps ensure that uncertainties are managed proactively, minimizing negative effects and increasing the likelihood of success. Essentially, risk response is about planning ahead to handle possible setbacks effectively.