Business Studies, asked by omkarausarkar1282, 10 months ago

Difference between risk contingency plan and mitigation plan

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Answered by Anonymous

2

Answer:

By applying a mitigation plan, we reduce the probability of impact of the identified risk. By identifying thecontingency plan, we do not change the probability or impact of the currentrisk, but we plan to control the impact as risk event looks like occurring. This works as a fallback plan for the high exposure risks.

Answered by suurrraaaajjjjj

0

Answer:

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