3.

4
Recommend risk mitigation strategies for various types of risks.

Recall, that the impact of risks can be assessed on multiple factors in terms of impact and
likelihood.
Once risks are assessed an overall ranking can be determined.
With this ranking risks can be plotted on a risk map.
See Exhibit 7.2 on page 148

Risk responses

Acceptance

Mitigation
o Reduce
o Diversify
o Control
o Transfer
o Share

Avoid