Which of the following is a risk response planning technique associated with threats that seeks to reduce the probability of occurrence or impact of a risk to below an acceptable threshold?

Exploit is an opportunity response strategy used to ensure a positive risk event occurs, not a threat response.

Transference shifts the financial or operational consequence of a risk to a third party (e.g., insurance) but does not reduce the probability or impact of the risk itself.

Mitigation directly addresses threats by reducing either their probability of occurrence or their potential impact below an acceptable threshold. It is one of the four standard negative risk response strategies in PMBOK, specifically designed to lower risk exposure without necessarily eliminating the threat. Examples include adding redundancy, conducting more testing, or choosing a more reliable supplier.

Avoidance eliminates the threat entirely by changing the project plan, which goes beyond reducing it to an acceptable threshold.