R
Project Management Glossary
Risk Mitigation
Risk Mitigation involves taking steps to reduce the likelihood or impact of a risk on the project.
Jenna Green
What is Risk Mitigation
Risk Mitigation involves taking steps to reduce the likelihood or impact of a risk on the project. It’s a proactive approach to minimizing potential disruptions.
How to apply it
- For each high-priority risk, develop a mitigation strategy that reduces the probability of the risk occurring or lessens its impact if it does.
- Regularly monitor identified risks and adjust your mitigation strategies as needed.
- Tip: Risk Mitigation can include actions like allocating additional resources, adjusting timelines, or developing contingency plans.
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About the author
Jenna Green
Jenna Green leads marketing at Magnetic. She's worked across agencies, startups, and B2B SaaS, giving her first-hand experience of the operational challenges service firms face.
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