risk mitigation

Risk Mitigation is a process focused on eliminating or reducing the likelihood of a negative outcome. It is a critical component of project management to minimize the impact of risks on a company or organization. Risk mitigation strategies aim to reduce the severity and probability of risks, thereby enhancing the reliability and efficiency of a project’s outcome. Through the implementation of comprehensive risk assessments, analysis, and mitigation plans, organizations are able to reduce their exposure to external risks and create a framework for a secure and successful future.