Which of the following is NOT a risk management option?

In the context of risk management, transferring, avoiding, and mitigating are all recognized strategies for dealing with risks. Transferring risk often involves passing the responsibility or liability to another party, such as through insurance. Avoiding risk means taking steps to eliminate the risk entirely, often by changing plans or avoiding certain actions. Mitigating risk involves implementing measures to reduce the potential impact or likelihood of the risk occurring.

Enhancing, on the other hand, is not typically considered a risk management option. While enhancing may refer to improving or strengthening certain aspects of a project or process, it does not specifically address the act of managing or responding to risks. Effectively, enhancing does not fit within the traditional framework of risk management strategies, which focus on how to handle existing risks rather than improving conditions related to those risks. Thus, recognizing that enhancing does not align with the core concepts of risk management makes it the correct choice in this scenario.