Protect your Business from These Risk Mitigation Strategies

Every business project involves some kind of risks

However, these risks can be reduced by using risk mitigation strategies

Check out 6 risk mitigation strategies to protect your business

1. Risk Acceptance This means if the incident occurs it will deal with it

2. Risk Avoidance This strategy means we don't want to deal with events

3. Risk Challenge Risk challenge means to analyze whether can we prevent the risk before it increases

4. Risk Prioritization This strategy analyzes which risk should be dealt with first

5. Risk Control In this take necessary actions to control the risk

6. Risk Transference In this risk is transferred to another party to handle