A project manager is working on a software development project. During the risk identification process, they identified a risk related to the integration of a new technology. If this risk occurs, it could delay the project and increase costs. However, if successfully managed, it could also lead to increased efficiency and customer satisfaction. What is the best course of action for the project manager?

A$)$ Ignore the risk since it might not occur.

B$)$ Avoid the risk by not integrating the new technology.

C$)$ Mitigate the risk by developing a risk response plan.

D$)$ Transfer the risk to another team.