Welcome to
On Feet Nation
Rebecca Online
Leslie Online
Lovina Lindy Online
Nicole Online
Posted by Lovina Lindy on September 22, 2024 at 10:15pm 0 Comments 0 Likes
Posted by Rebecca on September 22, 2024 at 10:13pm 0 Comments 0 Likes
Posted by Leslie on September 22, 2024 at 10:13pm 0 Comments 0 Likes
Posted by Lovina Lindy on September 22, 2024 at 10:09pm 0 Comments 0 Likes
Risk mitigation is a systematic process where an organization develops actions and options to increase opportunities and reduce threats to project objectives. Risk mitigation implementation refers to the process of risk mitigation actions. Risk mitigation progress monitoring tracks identified, new and existing risks, and evaluates the risk process effectiveness throughout the project.
By taking action for risk mitigation, the negative effects of threats and disasters on business continuity are minimized. Although the principle of risk mitigation is to prepare a business for all potential risks, a proper risk mitigation plan will assess the impact of each risk and prioritize planning around that impact. Ideally, an organization would be prepared for all risks and threats and avoid them fully. However, it acknowledges the inevitability of some disasters and situations where threats cannot be avoided completely. To prepare for the worst, an organization should have a proper risk mitigation plan to minimize damage.
© 2024 Created by PH the vintage. Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation