The purpose of such strategies is to lessen or reduce, if not totally eliminate the adverse impacts of the known or perceived risks inherent in a particular undertaking, even before any damage or disaster takes place. Thereafter, all such risks analyzed shall be documented according to their levels of priority in a form known as the risk mitigation plan. The former is the framework for the entire risk management aspect of the project while the latter pertains to the entire risks and response actions plan.

After which, the development and integration of the corresponding risk mitigation strategies follows, and shall be referenced against the previously prepared risk management plan. Best practices require that the known and perceived risks be analyzed according to the degree and likelihood of the adverse results that are anticipated to take place.

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