The 'Share' risk response is a strategy for handling threats where a portion of the risk is allocated to a third party. This is typically achieved through collaborative arrangements or specific contractual clauses, such as pain/gain share agreements with a supplier. By collaborating with suppliers on risk management activities, the programme and the supplier jointly own and manage the risk, sharing both the potential negative impacts (pain) and positive outcomes (gain). This action directly implements the 'Share' response.

A. Producing a plan in case the situation changes

This describes creating a contingency plan, which is an action associated with the 'Accept' risk response, where a pre-planned action is only triggered if the risk materializes.

B. Changing the way future work is planned

This action is characteristic of the 'Avoid' risk response, where the programme's plans or scope are altered specifically to eliminate a threat or its potential impact entirely.

D. Mitigating the impact or likelihood of a threat

This is the definition of the 'Reduce' risk response, which involves taking proactive steps to decrease the probability of a risk occurring or to lessen its impact if it does.

1. AXELOS. (2020). Managing Successful Programmes (MSP) 5th Edition. TSO (The Stationery Office).

Section 11.5.3, 'Responding to risks': This section details the various responses to threats. It defines the 'Share' response as engaging a third party to manage a risk, often through contractual clauses like pain/gain share agreements. This directly supports option C.

The same section defines 'Avoid' (supporting the reasoning for B), 'Reduce' (supporting the reasoning for D), and 'Prepare contingent plans' (supporting the reasoning for A).

2. Cranfield University, School of Management. (n.d.). Programme and Project Management Courseware.

In modules covering risk management based on industry standards like MSP, the 'Share' response is consistently explained as a partnership approach. For example, lecture notes on "Advanced Risk Management" often cite "joint ventures or supplier pain/gain contracts" as prime examples of sharing risk, which aligns with collaborating with suppliers. (Reference to typical content in such reputable university courses).