Mitigate

Pronunciation: MIT-ih-gayt
Origin: From the Latin word mitigare, meaning "to soften" or "to calm."

To mitigate means to reduce the severity, impact, or likelihood of a risk or problem. Risk mitigation strategies are central to business planning, ensuring smooth operations even in uncertain scenarios.

For example, diversifying suppliers can mitigate risks associated with supply chain disruptions.

Example Usage:
“During our risk assessment, I recommended measures to mitigate potential delays by securing backup suppliers.”