A proactive effort to anticipate risks and describe an action plan is known as what?

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The term that accurately describes a proactive effort to anticipate risks and devise an action plan is a risk response plan. This involves the identification of potential risks, their analysis, and the formulation of strategies to mitigate or manage those risks effectively before they can impact a project or system negatively.

A risk response plan outlines specific steps that should be taken when certain risks materialize, ensuring that there is a structured approach to dealing with potential issues. This can include avoiding the risk, transferring the risk, mitigating its impact, or accepting it if necessary. The focus is on being prepared and having a clear course of action ready, which is essential for effective risk management in any system or project.

In contrast, while risk analysis does involve identifying and understanding risks, it does not inherently include the action plan component. Risk assessment typically refers to the process of evaluating the severity of the identified risks, and risk evaluation focuses on comparing the level of risk against predetermined standards or criteria. None of these processes inherently create an action plan as thoroughly as a risk response plan does. Thus, the proactive nature and comprehensive planning involved in a risk response plan make it the correct choice.

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