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Question
What is Risk Mitigation and Risk Contingency plans? Please 
explain in details with examples.
 Question Submitted By :: Rathna.albert
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is Risk Mitigation and Risk Contingency plans? Please explain in details with examples.
Answer
# 1
Risk Mitigation - is about reducing the impact of risk. 

Risk Contigency plan - is reffred as plan B. That is a 
alternate path totally.

For e.g. If your office is in an earthquake prone area, 
Risk mitagation plans can include, earthquake drills to 
train people, e.t.c

And Contigency plan could be that, you have a back up 
office in another place, so that in case something happens 
you can shift your operations to a new place.
 
Is This Answer Correct ?    18 Yes 1 No
Justin Alappat
 

 
 
 
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