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What is Risk Mitigation and who will involve in Risk
mitigation plan?
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Answer Posted / pradeep engineer
Project Manager is responsible for preparing Risk
Mitigation strategy. However, he might would like to take
inputs from the project team leads/members, BAs, QA, SQA
and IT infrastructure support teams to come up with an
effective mitigation plan.
Mitigation has to do with devising one or more approaches
to control, avoid, minimize, or otherwise mitigate the
risk. Mitigation approaches may reduce the probability or
the impact. It is more of a PROACTIVE initiative even
before the risk becomes a problem. The objective of a
mitigation should be to ensure a risk identified doesn't
occur or the least reduce it's probability of occurence.
Contingency plan on the other hand has to do with what if
you are hit by the problem for the risks you could not
mitigate. (This is in contrast a REACTIVE mode)
| Is This Answer Correct ? | 6 Yes | 3 No |
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