Which of the following is used to indicate that the project team has decided not to change the project management plan to deal with a risk or is unable to identify any other suitable response…

Risk avoidance involves changing the project plan to eliminate the threat or protect project objectives from its impact.

Risk transference shifts the negative impact of a risk to a third party, such as through insurance or contractual agreements.

Risk acceptance is formally documented in the risk register and indicates the team either cannot find a cost-effective response or has determined the risk impact is tolerable. It can be passive, where no action is taken, or active, where a contingency reserve is established. It is the only strategy that explicitly allows a risk to remain without a change to the project management plan.

Risk mitigation involves taking actions to reduce the probability or impact of a risk to an acceptable threshold.