According to Kloppenborg (2019: 373) ''Once risks have been identified and analyzed, the project team decides how they will handle each risk. Plan risk responses is "the process of developing options and actions to enhance opportunities and to reduce threats to project objectives.'' Describe each of the 8 project risk strategies we can distinguish and provide your own brief example of where each strategy could be applied in a real-world project. Ensure if you use examples from the prescribed works that you reference them accordingly and that you provide a brief introduction to your answer.