Which term best describes a proactive effort to anticipate a risk and outline an action plan to address it?

The term that best describes a proactive effort to anticipate a risk and outline an action plan to address it is a risk response plan. This concept is focused specifically on preparing for potential risks by not only identifying them but also determining the appropriate actions to mitigate, transfer, accept, or avoid those risks if they arise.

Creating a risk response plan involves analyzing the risk's potential impact and likelihood, which equips the organization with a strategic approach that can be implemented should the risk materialize. This proactive planning is crucial in effective risk management, ensuring that teams are not only aware of possible threats but also prepared to tackle them systematically.

While the other options like risk assessment, risk analysis, and risk management are related concepts in the broader framework of risk handling, they do not specifically emphasize the creation of an action plan aimed at addressing anticipated risks. Risk assessment involves identifying and evaluating risks, risk analysis focuses on the evaluation of the risks' impacts and probabilities, and risk management encompasses the overall process, including identifying, analyzing, and responding to risks. The essence of a risk response plan, however, lies in its proactive and actionable nature, clearly differentiating it as the most appropriate term in this context.