I have a question regarding the difference between "avoidance" and "mitigation" of a risk.
In prepcast 11.05, at 38:45 minutes into the podcast, Cornelius poses the following sample question: What is reducing the impact of a risk event by reducing the possibility of its occurrence called? He states that this is "avoidance".
The PMBOK says that Mitigation is the reduction in the probability and/or impact of an adverse risk event.
Why isn't the answer to Cornelius' question "mitigation"?
Thank you Cornelius. That makes me feel better. The Prepcast has been great. It is like having my own personal training class available anytime I need it ... much better than actually taking a class. I take the PMP exam at the end of April 2010.
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This interview with Simona Fallavollita (LinkedIn Profile) was recorded at the magnificient Project Management Institute (PMI)® Global Conference 2017 in Chicago, Illinois. We discuss the how, what, why and when of the changes that are coming to the PMP exam.