Tag: plan

What is Risk Mitigation?

Risk mitigation is the process of identifying a threat an organization may be facing and coming up with a means to reduce the effects of the risk and reducing the likelihood of its occurrence again.

The reason why companies and organizations mitigate risks is to eliminate the long-term effects of a hazard, encourage a findings report, come up with a tool to protect oneself against bodily harm, and reviewing community goals set for the general wellbeing.

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