The most desirable objective of risk management is to eliminate risk uncertainty, whether for threats or opportunities. But what happens when that’s not an option? Even the most thorough planning is subject to risk, and the best leaders are the ones who know how to respond effectively to risk, whether for a threat or an opportunity. This presentation examines the risk management process and concludes with how to deal with risk. It provides strategies for determining risk appetite and how to deal with risk, such as risk exposure adjustment and contingency planning. And it outlines strategies specific to dealing with threats and opportunities.