Difference between revisions of "Risk Mitigation"
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| − | [[Risk | + | [[Risk Mitigation]] is a risk response strategy whereby the project team acts to decrease the probability of occurrence or impact of a threat. See also risk acceptance, risk avoidance, risk enhancement, risk exploiting, risk sharing, and risk transference. |
==Definition== | ==Definition== | ||
According to the [[PMI Lexicon of Project Management Terms]], | According to the [[PMI Lexicon of Project Management Terms]], | ||
| − | :[[Risk | + | :[[Risk Mitigation]]. A risk response strategy whereby the project team acts to decrease the probability of occurrence or impact of a threat. See also risk acceptance, risk avoidance, risk enhancement, risk exploiting, risk sharing, and risk transference. |
[[Category: Project Management]][[Category: Articles]] | [[Category: Project Management]][[Category: Articles]] | ||
Latest revision as of 15:09, 4 July 2020
Risk Mitigation is a risk response strategy whereby the project team acts to decrease the probability of occurrence or impact of a threat. See also risk acceptance, risk avoidance, risk enhancement, risk exploiting, risk sharing, and risk transference.
Definition
According to the PMI Lexicon of Project Management Terms,
- Risk Mitigation. A risk response strategy whereby the project team acts to decrease the probability of occurrence or impact of a threat. See also risk acceptance, risk avoidance, risk enhancement, risk exploiting, risk sharing, and risk transference.
