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One of the strategies for negative risks or threats according to PMI is to avoid risk. With this strategy, the project team acts to eliminate the risk or its effects. This could be done by engaging experts, adjusting the schedule or scope.

Other strategies for negative risks are to transfer, mitigate, or accept the risk. These strategies are described in the 5th edition of the PMBOK in section 11.5.2.1.

Related: plan risk responses, SWOT, SWOT analysis

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