Managing vs.

Mitigating Risk
Business as usual teams work to reduce all operational risk in order for
business as usual functions to be successful. They strive to eliminate
ambiguity from the workplace in order to improve organisational stability
and establish repeatable procedures.

Projects involve a certain amount of risk since they are by their very nature
unique and unknown. By completing a project and bringing about change
and delivery of something new, the firm is taking a little step into the
unknown.

As a result, project teams handle risk differently than BAU teams. To get
the greatest results, project managers try to control risk, both positive and
negative. This may entail reducing risk in an effort to reduce the possibility
that it will occur, but it also encompasses other risk management
techniques.