Difference between revisions of "Risk Mitigation"

From CNM Wiki
Jump to: navigation, search
(Created page with "Risk Management Plan is a component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed. S...")
 
 
Line 1: Line 1:
[[Risk Management Plan]] is a component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed. See also project management plan.
+
[[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 Management Plan]]. A component of the project, program, or portfolio management plan that describes how risk management activities will be structured and performed. See also project management plan.
+
:[[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.