Artifact: Risk Mitigation Plan Definition

Artifact: Risk Mitigation Plan Definition

Domains: Risk Management Work Products

Relationships

Container Artifact	Risk Assessment and Mitigation Plans
Roles	Responsible: Risk Manager	Modified By: Risk Manager
Tasks	Input To: Define Action Plans Define Risk Mitigation Metrics Deploy Risk Response Actions Design Risk Response Actions Identify Controls Identify Recommendations Monitor Risk Mitigation Operate Risk Response Actions	Output From: Define Action Plans Define Risk Avoidance Strategy Define Risk Mitigation Metrics Deploy Risk Response Actions Design Risk Response Actions Identify Controls Identify Recommendations

Description

Main Description	Definition of the Risk Mitigation plans required to be implemented to minimize exposures and vulnerabilities.

Key Considerations

Example of risk mitigation include:

Accept (as is)
Mitigate/Reduce (accept and take some action on downside)
Exploit (accept and take some action to capture upside)
Transfer/Share (includes insure, contract, and such)
Avoid (change business action to remove exposure to a risk)

©Copyright IBM Corp. 2005, 2008. All Rights Reserved.