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Develop a high-level mitigation strategy. These options are based on the assessed combination of the probability of occurrence and severity of the consequence for an identified risk.
Assume/Accept: Acknowledge the existence of a particular risk, and make a deliberate decision to accept it without engaging in special efforts to control it. Approval of project or program leaders is required.
Avoid: Adjust program requirements or constraints to eliminate or reduce the risk. This adjustment could be accommodated by a change in funding, schedule, or technical requirements.
Control: Implement actions to minimize the impact or likelihood of the risk.
Transfer: Reassign organizational accountability, responsibility, and authority to another stakeholder willing to accept the risk.
Watch/Monitor: Monitor the environment for changes that affect the nature and/or the impact of the risk.
