35. When you encounter a risk, there are 8 general ways that you can respond to the risk. Please identify the risk response. Description Risk response We will live with this negative risk, the way it is. We know that it's a possibility, but we're going to move forward anyway. We will try to capture the value of this positive risk by working with a partner an tasking them with it to give us the best chance of realizing the benefits from it. We will try to eliminate this negative risk entirely by using a different solution or eliminating the reason that this exists as a risk. We will work with another party on this negative risk to move the ownership of the risk to them. We are going to take actions to make absolutely. certain that this positive risk happens. We are going to take steps to help improve our chances of a positive risk happening. We are going to take actions to try to lower the potential impact of a negative risk or the chances of it happening. For this positive risk we are willing to acknowledge that it could potentially occur, however we are not going to do anything about it unless it happens