Risk Mitigation §

Group: 5 #group-5

Relations §

• Training and Simulation: Training and simulation allow individuals to practice and learn in a safe and controlled environment, mitigating the risks associated with real-world situations.
• Access to New Markets: Diversifying into new markets can help mitigate risks associated with relying on a single market.
• Risk Analysis: Risk Mitigation involves implementing strategies to reduce or eliminate identified risks.
• Rapid Prototyping: By allowing for early testing and validation, rapid prototyping helps mitigate the risks associated with product development and market launch.
• Risk Diversification: Diversification is a risk mitigation technique that aims to reduce the impact of any single investment’s performance on the overall portfolio.
• Joint Ventures: Joint ventures can help mitigate risks by sharing costs and responsibilities among partners.