A response to a threatA condition or situation unfavourable to the project, a nega... More that reduces its probabilityThe likelihood of a risk occurring. More, impactA noticeable effect or influence. The assessment of the effe... More or both on the projectA temporary endeavour undertaken to create a unique product,... More by transferring the riskAn uncertain event or condition that, if it occurs, has a po... More to a third party.