Which of the following is NOT a step in the risk mitigation process?

The risk mitigation process involves a structured approach to addressing potential risks that may impact a project or operation. The steps typically include identifying risks, analyzing their potential impact, and prioritizing them based on their severity and likelihood of occurrence.

Communication is indeed a critical aspect of risk management; it involves discussing and disseminating information about risks and mitigation strategies among stakeholders. However, while communication is essential throughout the risk management process, it is not formally listed as one of the core steps involved in risk mitigation itself.

In contrast, identifying risks involves recognizing potential issues that could arise, analyzing them entails assessing their impact and likelihood, and prioritizing ensures that the most critical risks are addressed first. Each of these steps contributes directly to developing an effective risk management strategy, while communication supports those processes rather than being a distinct step in itself.