Alkit Jain

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Risk Visualization and Mitigation Strategies

Risk Visualization and Mitigation Strategies

Risk visualization basis impact and likelyhood

 

1. Low Probability and High Impact = Medium Risk

 

 

2. High Probability and Low Impact = Medium Risk

 

3. Low Probability and Low Impact = Low Risk

 

4. High Probability and High Impact = High Risk

Type of Risk Treatment :

  1. Risk Mitigation
  2. Risk reduction
  3. Risk Avoidance
  4. Risk Transfer
  5. Risk Acceptance

Risk Mitigation

 

Risk Reduction

 

RiskĀ  Avoidance

 

Risk Acceptance

 

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