Risk Mitigation

Instructions:

The resulting cost and schedule probability distributions from risk analysis are not destined to occur on a project. The impact and probabilities of risks can be reduced or "mitigated". In 250 words in APA format 

• Consider how risk mitigation might be used to reduce the impact and probability of cost and schedule risks.
• Give at least two examples of a cost and/or schedule risk from the industry you work in or one you are familiar with and how they might be mitigated or even eliminated.