Ministry of Micro, Small and Medium Enterprises Govt. of India

Risk Mitigation

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Risk Mitigation types

Risk mitigation is defined as taking steps to reduce adverse effects. There are four types of risk mitigation strategies that hold unique to Business Continuity and Disaster Recovery. It‚??s important to develop a strategy that closely relates to and matches your company‚??s profile.


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Risk Mitigation Planning, Implementation, and Progress Monitoring

Risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives [1]. Risk mitigation implementation is the process of executing risk mitigation actions. Risk mitigation progress monitoring includes tracking identified risks, identifying new risks, and evaluating risk process effectiveness throughout the project [1]