Mitigation plan template excel

1. What is a mitigation plan?
2. What are 4 mitigation strategies?
3. What is an example of a risk mitigation plan?

What is a mitigation plan?

The mitigation plan outlines the planning process for identifying and implementing actions to reduce or eliminate business losses, loss of life, property, functions, etc due to any type of hazards.

What are 4 mitigation strategies?

There are four common risk mitigation strategies. These typically include avoidance, reduction, transference, and acceptance.

What is an example of a risk mitigation plan?

Medical offices might have two waiting rooms, one for regular checkups and one for sick patients, to reduce the likelihood that healthy patients might become ill from being in close contact with contagious patients. These are all regular examples of risk mitigation for businesses.