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The approach of removing a risk from a project is known as avoidance. This strategy involves identifying potential risks and taking steps to eliminate the possibility of the risk occurring or entirely removing the elements that could lead to the risk. By avoiding the risk, the project team intends to ensure that the project does not face the challenges or consequences associated with that particular risk.

For instance, if a project's success is at risk due to a potential regulatory change, avoiding the risk might involve altering the project's scope or timing to ensure compliance before any changes take effect. This proactive step can effectively prevent the risk from impacting the project's objectives.

In contrast, other risk response strategies do not focus on removing the risk. Mitigation aims to reduce the impact or likelihood of a risk rather than eliminate it entirely. Transference involves shifting the risk to a third party, such as through insurance or outsourcing, while acceptance means acknowledging the risk without taking any proactive steps to influence its outcome, often used when the risk is deemed acceptable due to its low probability or impact.