What does "Risk Mitigation" involve in a CMMI framework?

In the context of the CMMI framework, "Risk Mitigation" refers to the strategies aimed at minimizing the impact of potential risks. This involves identifying potential risks that could adversely affect a project's objectives and then formulating plans to address these risks proactively. The focus is on reducing the likelihood of occurrences or minimizing their potential negative impacts, thus enhancing the overall success and stability of the project.

Risk mitigation can include a variety of techniques, such as implementing preventive measures, creating contingencies, or transferring risks to third parties. The ultimate goal is to manage risks effectively within the project environment, ensuring smoother execution and better outcomes. By prioritizing these strategies, organizations can maintain a more robust project health and align better with CMMI's focus on continuous improvement and performance optimization.