Plan risk responses
Both threats and opportunities have categories of responses that can be used and adapted to your own projects. It would be really hard for anyone to say how to specifically deal with risk on your projects. Much like with conflict resolution categories, each of the responses for threats and opportunities would need to be adapted to fit your project's needs. Let's start with threat responses, since they are the majority of what you will be dealing with.
Creating risk responses for threats
Since the majority of the risks you will be dealing with fall under the threat category, that is where you will spend the majority of your time creating responses to manage them. It's tempting to slap the response titled mitigate on everything. Mitigate is a buzz word, jargon, and a one-size-fits all response. It isn't the only response, though, and as you review these responses, watch out for the keywords; they can help you answer correctly in the exam...