You work as a project manager for BlueWell Inc. You are preparing to plan risk responses for your project with your team. How many risk response types are available for a negative risk event in the pr

Seven is incorrect; while PMBOK defines seven total risk responses combining both negative and positive strategies, only four apply specifically to negative risks.

Three is incorrect; some older frameworks listed three responses, but the current PMBOK standard clearly defines four distinct strategies for addressing negative risks.

PMBOK identifies four distinct strategies for negative risk events: Avoid (eliminate the threat by changing the plan), Transfer (shift impact to a third party), Mitigate (reduce probability or impact), and Accept (acknowledge without proactive action). Each addresses threats differently based on risk priority and feasibility.

One is incorrect; a single response type could not adequately address the variety of negative risk scenarios encountered across different project contexts.