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Risk Mitigation Strategies: What it actually means?
Risk mitigation strategies are the targeted actions an organisation takes to reduce the likelihood or impact of its key risks — for example, diversifying suppliers, implementing stronger cyber controls, buying insurance, adding dual controls in finance, or building buffer stocks. Consulting work identifies and prioritises risks, evaluates the cost–benefit of different mitigations, and embeds chosen actions into processes, policies and KPIs. This turns the risk register into something operational rather than just a document. Good mitigation protects margins and reputation and often enables the organisation to pursue opportunities it would otherwise consider too risky.
