One of the four strategies PMI gives for handling negative risks or threats is mitigate risk. With this strategy, the team reduces the chances of the risk occurring or the impact of the risk. For instance, by increasing the testing, system redundancy, or by simplifying the process or deliverables,the probability can be lowered. Another strategy for mitigating risk is training.
- Explaining Risk Mitigation in Project Management written by: Vaseem Khan • edited by: Marlene Gundlach • updated: 4/7/2013
- 16. Risk Management Planning by Adrienne Watt on BC Open TextBooks
- DBP anagement.com: 5 Ways To Manage Risk. Published on 07-04-2014.
- Risk Breakdown Structure in Risk Management