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Risk mitigation is a strategy to prepare for and lessen the effects of a threat or to decrease the likelihood of occurrence. For this unit, you will use the provided template to complete the Project Risk Controlling sections. First, you will discuss and develop a plan for reviewing and monitoring the risk responses on any given project. Second, you will develop a plan for identifying new project risks.
This section should discuss how the project manager would work with project stakeholders to review the current risk response plan and identify an approach and a mechanism to identify and develop a risk mitigation strategy for new risks.
Use this link to download a Word template to complete this assignment. You will use this template to complete Individual Projects in Units 1–5.