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…

According to PMI's PMBOK Guide (5th edition), there are four strategies for managing negative risks: Avoid (eliminate the threat entirely), Transfer (shift the impact to a third party), Mitigate (reduce the probability or impact), and Accept (acknowledge the risk with or without a contingency reserve). Each is a distinct and complete response type.

A single response type cannot address the full range of negative risk scenarios; one strategy cannot simultaneously cover avoidance, financial transfer, impact reduction, and passive or active acceptance.

Three response types has never been the standard in any PMBOK edition; all versions of the guide recognize at least four distinct strategies for managing negative risk events.

Seven is not a recognized count of negative risk response types in any PMI standard and does not correspond to any PMBOK framework for threat response strategies.