In the Plan Risk Responses process, an accept strategy for a negative risk or threat indicates that the project team has decided:

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To eliminate a specific risk or threat, to reduce the probability and$/$or impact of an adverse risk event to be within acceptable threshold limits$,$ or to pursue an opportunity actively.

To purchase insurance, or to require performance bonds, warranties, and guarantees.

Not to change the project management plan to deal with a risk, or it is unable to identify any other suitable response strategy.

To agree with the project manager.