An action or set of actions to be taken after a riskAn uncertain event or condition that, if it occurs, has a po... More has occurred in order to reduceA response to a threat that reduces its probability, impact ... More or recover from the effect of the threatA condition or situation unfavourable to the project, a nega... More or to exploit the opportunityA condition or situation favourable to the project, a positi... More. Such actions are funded from Management ReserveAlso MR. A central contingency pool. This may be subdivided ... More.