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1 strategies and tactics for Risk Mitigation

What is Risk Mitigation strategy?

Team success often hinges on the ability to develop and implement effective strategies and tactics. It's a bit like playing chess, except that you have more than 1 player on each side.

Finding the right Risk Mitigation strategy can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

How to write your own Risk Mitigation strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Risk Mitigation strategy examples

You will find in the next section many different Risk Mitigation tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for resolving reported risks by at least 75% throughout the year

  • ⛳️ Strategy 1: Assess and classify all reported risks

    • Compile a list of all reported risks from the last year
    • Categorise risks based on severity and likelihood
    • Prioritise risks that have the highest severity and likelihood
    • Set deadlines for addressing each risk category
    • Assign responsible team members for each risk category
    • Review and update the risk classification quarterly
    • Hold monthly meetings to assess progress on risk resolution
    • Develop a risk assessment template for future use
    • Identify any new risks during regular risk assessments
    • Document lessons learned from resolved risks

  • ⛳️ Strategy 2: Implement effective risk mitigation strategies

    • Develop specific action plans for each prioritised risk
    • Allocate necessary resources for risk mitigation
    • Monitor the implementation of each action plan
    • Conduct training sessions on risk mitigation techniques
    • Implement a risk tracking software
    • Create a risk communication plan to inform stakeholders
    • Evaluate the effectiveness of risk mitigation efforts monthly
    • Adjust mitigation strategies based on effectiveness evaluations
    • Engage external experts when necessary for high-risk items
    • Ensure all mitigation activities are properly documented

  • ⛳️ Strategy 3: Foster a risk-aware organisational culture

    • Conduct regular risk awareness workshops for employees
    • Create a risk reporting system that encourages transparency
    • Include risk management goals in performance reviews
    • Celebrate successes in risk management to motivate staff
    • Integrate risk management into the company strategy
    • Establish a risk management committee
    • Provide continuous education on emerging risks
    • Facilitate open discussions about risks and solutions
    • Set up an anonymous reporting system for risks
    • Encourage leadership to model risk-aware behaviours
risk-assessmentrisk-mitigationrisk-managerproject-managerrisk-management-teamexecutive-team
Implement these strategies

How to track your Risk Mitigation strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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