Risk Mitigation Strategy The project may encounter potential risks and challenges, such as resistance from employees or managers, logistical issues in coordinating quarterly reviews, or difficulties in implementing the new performance management policy. To mitigate these risks, a comprehensive risk management strategy should be developed, including: Conducting a thorough analysis and addressing potential risks and challenges before implementing the revised performance management system. Establishing clear communication channels and addressing concerns and resistance from employees and managers proactively. Implementing a phased approach to the change, allowing for adjustments and improvements along the way