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Risk is inherent with any project, and project managers should assess risks continually and develop plans to address them. The risk management plan contains an analysis of likely risks with both high and low impact, as well as mitigation strategies to help the project avoid being derailed should common problems arise.
The purpose of the mitigation plan is to describe how this particular risk will be handled – what, when, by whom and how will it be done to avoid it or minimize consequences if it becomes a liability. Summarizing planned and faced risks, effectiveness of mitigation activities, and effort spent for the risk management.
Mitigation planning identifies policies and actions that can be taken over the long term to reduce risk, and in the event of a disaster occurring, minimize loss. Such policies and actions are based on a risk assessment , using the identified hazards , vulnerabilities and probabilities of occurrence and estimates of impact to calculate risks ...
"No net loss" is defined by the International Finance Corporation as "the point at which the project-related impacts on biodiversity are balanced by measures taken to avoid and minimize the project's impacts, to understand on site restoration and finally to offset significant residual impacts, if any, on an appropriate geographic scale (e.g local, landscape-level, national, regional)."
The mitigation strategy attempts to reduce the damage of a vulnerability by employing measures to limit a successful attack. According to Hill (2012), "this can be done by fixing a flaw that creates an exposure to risk or by putting compensatory controls in place that either reduce the likelihood of the weakness actually causing damage or ...
The chances of risk are minimized whilst one has better knowledge of the opportunities and consequences that could follow a situation. In order to reduce risk, a full analysis of potential best and worst results is required. Before taking into consideration any plan, people should be aware of the consequences of both success and failure.
Security controls or security measures are safeguards or countermeasures to avoid, detect, counteract, or minimize security risks to physical property, information, computer systems, or other assets. [1] In the field of information security, such controls protect the confidentiality, integrity and availability of information.
Community associations may have a negative image in the minds of many Americans for supposed overzealous rule enforcement, and there is nothing that can disrupt community harmony more than ...