Which of the following is NOT considered a potential response to a specific risk event?

Ignoring is considered the correct response because it does not constitute a proactive strategy to address a specific risk event. In project management, risks should be actively managed to minimize their potential negative impact on the project. The other options—mitigating, avoiding, and transferring—are all recognized and strategic methods used to handle risks.

Mitigating focuses on reducing the probability or impact of a risk by implementing actions that lower its severity. Avoiding aims to eliminate the risk entirely by either getting rid of the cause of the risk or changing the project's plans. Transferring involves shifting the responsibility for managing a risk to a third party, such as through insurance or outsourcing.

In contrast, ignoring a risk means taking no action and may lead to dire consequences if that risk materializes. It does not involve planning or evaluating the risk’s potential effects, making it an ineffective approach in project management.