Risk Management literature often portrays four choices for risk managers, avoid, transfer, mitigate or accept.
On The Southern Project Manager, Harry Hall suggests that there are actually seven choices:
The additions are all variations on the original four choices, but they are valuable alterations in point of view. Away from the totally negative view that looks at risk as something bad that you want to get away from if at all possible.
RISKVIEWS particularly likes the choice of ENHANCE. That means to improve your upside, usually by adding resources to make execution more effective.
A worthwhile read!