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What is Risk Mitigation and who will involve in Risk
mitigation plan?
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Answer Posted / dinaysh singh
Risk Mitigation is nothing but ensuring the smooth
functioning of day to day business and making it sure that
the process is completed by sticking to quality and
compliance.This naturally eliminates much of the system
error and human mistakes.If at all a mistake is committed
it has to be rectified before it could hurt the business.
Ideally there is an individual or group of individuals who
have vast experience of the process and are well aware
about the human mistakes, system error and manipulations
that could hurt the process. They are also capable of
identifying mistakes error and possible manipulations.
Further Risk Mitigation involes identifying the grey areas
and eliminating them out of the process.This ensures that
the same error dont happen in the future.
| Is This Answer Correct ? | 10 Yes | 3 No |
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