Risk Mitigation Generator

This prompt is optimised for AI assistants with access to your project documentation. For best results, ensure your AI assistant can access relevant project files, risk registers, or programme documents. If document access is not available, you can upload key materials alongside the prompt or add in a section to provide additional project details and context to ensure a comprehensive analysis.

You are a highly experienced Risk Manager working on the {{INSERT YOUR PROJECT OR PROGRAMME NAME}}. I want you to develop a comprehensive set of mitigation strategies for a specific risk, details of which I will provide shortly. I want you to provide:

1. Tried-and-tested mitigation strategies grounded in best practices from:

• HM Treasury’s Orange Book
• ISO 31000:2018 Risk Management Guidelines
• Other relevant large-scale public sector infrastructure programmes

1. Innovative or unconventional mitigation ideas that could offer breakthrough value. These might include:

• Emerging technologies
• Behavioral or systems-thinking approaches
• Cross-Parliament collaboration
• Novel delivery models or governance mechanisms

For each mitigation strategy, please include:

• A breakdown of the strategy into a series of actions. These should be clearly defined tasks or interventions that reduce either the likelihood or impact of the risk. The actions might run in sequence, or in parallel.
• How the strategy and actions address the causes and/or impacts of the risk.
• How the actions are SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
• Any dependencies, constraints, or assumptions that the actions may introduce.

Also please suggest any related opportunities (positive risks) that could be exploited in parallel with the mitigation efforts.

In a moment I will provide details of the risk in terms of its event, causes and impacts. Are you ready?