There are four types of Risk-Management Strategies. When creating your Risk Management Plan, identify which strategy you will use for each risk. Learn more about a Risk-Management Strategy.
Transfer: Shift the risk to a third party.
Accept: Acknowledge the risk and deal with it. Mitigate: Lessen the risk by reducing probability or impact.
Eliminate: Remove the risk.
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Next in the series is 5 Elements of a Project Schedule. Be sure to check back in a few days!
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