Explore BrainMass Risk Mitigation Techniques

I need to research risk mitigation techniques for But I don't know exactly what these techniques are.

Can you explain to me what a risk mitigation technique is, so I can fully research it for my paper?

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Risk mitigation is simply a process of removing or reducing risk. It may include risk analysis, or other activities designed to assess the results of risk mitigation initiatives. During risk mitigation we need to select appropriate controls or countermeasures to measure each risk. Risk mitigation needs to be approved by the appropriate level of management. There are three main approaches to risk mitigation which are risk avoidance, risk management and decision making under uncertainty. Risk avoidance is an informed decision not to become involved in a ...

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