(Updated) that apply both threats and opportunities

Coping strategy risk records
There are three typical coping strategies for the negative risks (threats) of risk related contract agreements: avoidance, transfer and mitigation. There are three typical coping strategies for positive risks (threats): development, sharing and strengthening. 12.7 risk monitoring during the whole life cycle of the project, monitor residual risks, identify new risks, implement risk reduction plans, and evaluate the effectiveness of these works.