# Threat An uncertain event or condition that, if it occurs, has a negative effect on one or more project objectives such as scope, schedule, cost, or quality. Per AACE International recommended practices, threats are managed through four response strategies: - [[AVOID]] — Eliminate the uncertainty entirely - [[REDUCE]] — Decrease the likelihood and/or consequence - [[TRANSFER]] — Shift the risk to a third party - [[ACCEPT]] — Acknowledge and monitor without active mitigation