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This chapter covers essential Mitigation Strategies and Contingency Plans, empowering you to navigate potential risks with confidence. Learn how to develop targeted mitigation strategies, allocate resources wisely, and engage stakeholders for comprehensive risk management. Discover the power of contingency planning to handle unforeseen risks and maintain business continuity. If you’re ready to safeguard your IT sourcing initiatives and ensure successful project delivery, dive into this document now and sail towards proactive risk management success! Don’t miss this opportunity to navigate your organization to smoother waters.