What is Risk Mitigation and who will involve in Risk
mitigation plan?
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Answer Posted / hemanth, infosys
Risk Mitigation is all about forecasting the possible
problems that might arise in future and finding out ways to
prevent it from occuring or do alternate ways to avoid the
problems from happening.
Hope Business Continuity plan/Disaster recovery is also a
part of Risk Mitigation. Let's say Al-aqueeda has planned
to blast ur development centre, all our clients would lose
all their money. This business continuity plan/Disaster
recovery is a step towards taking backup of all the data in
a different development centre, so that even if ur office
is gone, the clients don't lose out anything.
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