Tag: risk mitigation

Design risk assessment is a risk assessment framework that identifies, analyzes, and documents risks during a design project. When performing a design risk assessment, the team will assess all risks associated with the project including the design process. 

Within the world of risk management – a common aspect of improvement projects – there is a distinction between response and mitigation. A response is taken in reaction to risk, while mitigation is undertaken proactively. Thus, responses are implemented once risk materializes, and mitigation actions must be planned and implemented before a risk presents itself. […]