Bill is the project manager of the JKH Project. He and the project team have identified a risk event in the project with a high probability of occurrence and the risk event has a high cost impact on…

Mitigation reduces the probability or impact of the risk but does not eliminate it; removing the requirements entirely goes beyond mitigation.

Transference shifts ownership of the risk to a third party, but no third party is involved here - the risk is eliminated by changing scope.

Acceptance acknowledges the risk and takes no preemptive action, whereas deliberately removing requirements to prevent the risk is an active elimination strategy.

Avoidance is the negative risk response that eliminates the threat entirely by changing the project scope, schedule, or plan so the risk can no longer occur. By removing the requirements tied to the high-probability, high-impact risk event, the team has eliminated the conditions that would allow the risk to materialize. Although this changes project scope, it successfully releases the project from that risk exposure.