6.5.1.3
Risk Mitigation Plans
Some agencies see benefit in developing risk mitigation plans for their assets to ensure compliance with regulatory programs and help embed risk into all agency business activities. For example, a risk management plan may be developed when a bridge’s risk of failure reaches a certain threshold. These plans identify specific risks and mitigation strategies to undertake in order to reduce the likelihood or impact associated with the risk.
Figure 6.5 Sample Risk Report
Source: AASHTO. 2016. Managing Risk Across the Enterprise: A Guide for State DOTs.