^ [[Appendix G - Glossary - PM2]] # Mitigation Mitigation refers to an action carried out to: (1) lower the likelihood of a risk occurring, and (2) reduce the effect of the risk on the project by minimising its impact if it occurs. (See also Reduce, risk response strategy.) Spanish Guide: [[Mitigación]] <-- [[Minutes of Meeting (MoM)]] --> [[Monitor & Control]]