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Re write this: 3. Mitigation: Mitigation involvs rducing th probability or impact of th thrat occurring. Exampl: A softwar dvlopmnt projct has a risk of
Re write this: 3. Mitigation: Mitigation involvs rducing th probability or impact of th thrat occurring. Exampl: A softwar dvlopmnt projct has a risk of dlays du to rsourc shortags. To mitigat this thrat, th projct managr could dvlop a dtaild rsourc plan, hir additional staff, or cross-train tam mmbrs on multipl tasks. 4. Accptanc: Accptanc involvs acknowldging th thrat and making a conscious dcision to do nothing about it. Exampl: A projct tam is dvloping a nw product and idntifis a risk that th product may not b as succssful as xpctd. Th tam dcids to accpt this risk and focus on dlivring th product on tim and within budgt. 5. Escalation: Escalation involvs lvating th thrat to th attntion of a highr authority for furthr considration and dcision-making. Exampl: A projct tam ncountrs a tchnical roadblock that thratns to dlay th projct significantly. Th projct managr scalats th issu to th program managr or snior managmnt for assistanc in finding a solution
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