Positive Risk Response Strategies:

1) Escalate: This strategy is used when project manager cannot realize an opportunity because they lack the authority to make it happen. In that case project manager approach top management and ask them to manage the risk. Once higher authorities review and accept the responsibility, project manager is are no longer accountable for it however, he/she will record it in the risk register for further monitoring.

2) Enhance: In the enhance risk response strategy, the team try to increase the chance of a risk happening so they can realize it. The enhance risk response is the opposite of the mitigate strategy.

3) Exploit: In the exploit risk response strategy, project manager ensure that the opportunity is realized. They do not try, but make certain to seize it.

4) Accept: In the accept risk response strategy, one take no action to realize the opportunity. Manager leave it as is, and if it happens, they will benefit from it. People use this strategy when the cost of the response is high, there is a low chance of it occurring, or the benefit does not outweigh the effort.

5) Share: Project manager use share risk response strategy when they cannot realize the opportunity on their own. So, they team up with another company and work together.