Risk Mitigation e bike

Develop a mitigation plan to respond to the risks

Main strategies:

Mitigating Risk

Reducing the likelihood an adverse event will occur

Reducing the impact of adverse event

- Transferring Risk

Paying a premium to pass the risk to another party

- Avoiding Risk

Changing the project plan to eliminate the risk or condition

- Sharing Risk

Allocating risk to different parties

- Retaining Risk

Making a conscious decision to accept the risk