Explanation/Reference:
Explanation:
Risk avoidance involves changing the project management plan to eliminate the threat entirely. The project manager may also isolate the project objectives from the risk's impact or change the objective that is in jeopardy. Examples of this include extending the schedule, changing the strategy, or reducing the scope.
The most radical avoidance strategy is to shut down the project entirely. Some risks that arise early in the project can be avoided by clarifying requirements, obtaining information, improving communication, or acquiring expertise.
Incorrect Answers:
A: Exploit risk response is used for positive risk or opportunity, not for negative risk.
B: This risk response does require a change request, in some instances, but it's the avoidance risk response and not just a change request.
D: Transference allows the risk to be transferred, not removed from the project, to a third party.
Transference usually requires a contractual relationship with the third party.

There is no definitive answer to this question, as different factors may be more or less important depending on the context and the nature of the risk. However, based on some web search results, one possible factor that could be considered essential for managing risk in a highly dynamic environment is D. Implementing detection and response measures.
Detection and response measures are the practices and procedures that enable an organization to identify and mitigate any potential or actual cybersecurity events that could compromise its network, systems, data, or assets. Detection and response measures can help an organization to reduce the impact and duration of a cyberattack, as well as to learn from the incident and improve its security posture and resilience. Detection and response measures can also help an organization to comply with regulatory and legal requirements, as well as to maintain its reputation and trust among its stakeholders.
Some examples of detection and response measures include:
*Using threat intelligence, user behavior analytics, and attacker behavior analytics to monitor and analyze the network activity and identify any anomalies or signs of compromise 12
*Implementing security continuous monitoring, intrusion detection and prevention systems, and antivirus and antimalware software to detect and block malicious traffic and malware 3
*Establishing incident response plans, teams, and tools to contain, eradicate, and recover from a cyberattack, as well as to communicate and coordinate with internal and external parties 45
*Conducting regular audits, assessments, and tests to evaluate the effectiveness of the detection and response measures and to identify any gaps or weaknesses 6 Therefore, implementing detection and response measures could be seen as an essential factor for managing risk in a highly dynamic environment, as it can help an organization to protect its critical assets and functions, and to respond quickly and effectively to any emerging or evolving threats.