Project Risk Mitigation is the process of identifying and planning for potential risks that may arise while undertaking a project. It ultimately aims to reduce the likelihood of those risks occurring, as well as the severity of their impact if they do occur. By proactively tackling risk management through risk Mitigation techniques, organizations can better ensure deliverables are completed on time and within budget. This process requires identifying and analyzing potential risks, creating mitigation strategies to address them, monitoring and evaluating the effectiveness of these strategies, and then taking appropriate actions.