Protect your Business from These Risk Mitigation Strategies

Every business project involves some kind of risks

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

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Check out 6 risk mitigation strategies to protect your business

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

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

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

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

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

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

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