Risk Mitigation is the process of minimizing the likelihood of a risk being realized or the impact of risk. When the risk is identified and assessed, you need to mitigate risk in several recognized ways. Some mitigating actions decrease the likelihood of the risk occurring and its impact. To properly mitigate risk, a project manager must know how to effectively and efficiently manage it. Risk mitigation techniques begin at the conception stage of the venture and are followed throughout the life cycle of the project.
Risk Management
Risk Identification
Risk Analysis
Planning