What is the purpose of a risk mitigation strategy in software project management?

Options

  • A. To reduce the probability or impact of an identified risk
  • B. To guarantee that no risk can occur
  • C. To eliminate the need for project planning
  • D. More than one of the above
  • E. None of the above

Correct Answer (Detailed Explanation is Below)

A. To reduce the probability or impact of an identified risk

Detailed Explanation

Risk mitigation involves taking proactive measures to reduce the probability of a risk occurring or minimize its impact if it occurs. It is an important part of software project risk management.

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