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"?
Help ... this is really confusing me.