Risk Mitigation
You can view risk mitigation efforts for any individual using the
risk matrix. To view risk mitigation for an individual risk, you
must have multiple baselines with various mitigation efforts for
this risk.
Mitigation efforts for the risk can entail:
• Reducing the chance of occurrence or outcome of the risk
• Changing the outcome
• Changing the mutually exclusive alternatives associated with
the risk
• Changing the project schedule, e.g. executing a number of
additional activities on the specific baseline
• All the above
Mitigation efforts for a specific risk are shown as a “waterfall
diagram”.
See also
Analyzing Risk Mitigation Efforts with Multiple Baselines
Comparing pre and post-mitigation baselines
|