Risk Assessment and Mitigation Strategies

Risk assessment is the process of identifying potential problems that could negatively impact a project or organization. Mitigation strategies are actions taken to reduce or manage those risks, such as implementing safety measures, creating backup plans, or improving procedures. The goal is to understand possible threats beforehand and plan effectively to minimize their impact, ensuring smoother operations and better preparedness. This proactive approach helps organizations avoid or lessen damage caused by unforeseen issues.