Project Risk Analysis Software and Project Risk Management Software Forum

What is the difference between mitigation, mitigation strategy, and response plan? Should I be using one over the other?

One thing to consider is whether you are performing qualitative or quantitative analysis. The risk system and interface changes depending upon which methodology you are using. The Risk System itself is configurable from properties (columns) in the views to risk scoring methods, severity ranking etc. These settings are here in the Risks tab on the ribbon.



Mitigation Strategy is a optional field that can be used to add description in the Risk Register view as opposed to in the Mitigation/Response view.
Mitigation is a plan that is assigned to a risk to minimize either the chance or impact of a risk. Includes changes to impacts or probability with dates. Mitigation are assigned to risks in the Waterfall chart. This will appear in the Mitigation/Response View. More complete data can be added to mitigation plans in the Assign Mitigation View

Response is cost and time to recover from a risk.

Both of the mitigation and response can work differently depending upon whether it is a qualitative or quantitative analysis.