Risk Mitigation

Risk Mitigation involves taking steps to reduce the likelihood or impact of a risk on the project. It’s a proactive approach to minimizing potential disruptions.

• How to apply it:
  • For each high-priority risk, develop a mitigation strategy that reduces the probability of the risk occurring or lessens its impact if it does.
  • Regularly monitor identified risks and adjust your mitigation strategies as needed.
  • Tip: Risk Mitigation can include actions like allocating additional resources, adjusting timelines, or developing contingency plans.

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