You work as a project manager for BlueWell Inc. You are working with your team members on the risk responses in the project. Which risk response will likely cause a project to use the procurement…

Acceptance involves acknowledging a risk and taking no proactive action, which requires no procurement or external engagement.

Mitigation reduces the probability or impact of a negative risk through internal actions and does not inherently require procurement.

Exploiting is also a positive risk strategy that seeks to ensure the opportunity occurs, but it typically involves internal actions rather than procurement-based third-party arrangements.

Sharing is a positive risk response strategy that allocates ownership of an opportunity to a third party who is best able to exploit it, such as forming a joint venture, partnership, or special-purpose company. Establishing these arrangements typically requires formal procurement processes including contracts and vendor agreements. Because sharing creates a formal external relationship, it directly triggers procurement activities within the project.