The purposes of Pinkerton risk identification and mitigation are to discover risk retort policies for the high risk objects recognized in the qualitative and quantitative risk analysis. The process recognizes and allocates parties to take accountability for each risk response. It ensures that each risk which entails a reaction has a holder. The holder of the risk could be an organization schemer, engineer, or production manager, depending on the point in project advancement, or it could be a private sector supplier or associate, depending on the contracting technique and risk distribution.
Pinkerton risk mitigation and planning efforts ensures that organizations set policies, events, goals, and accountability standards. Formalizing risk identification and mitigation all through an artery agency will help institute a risk culture that should result in better cost management from planning through creation and better allocation of project risks which align teams with customer–oriented performance goals.
Pinkerton enables organizations planner, engineers, and managers to systematically evaluate the decisive set of risks, post which they are in an enhanced position to establish the top course of action to mitigate those risks.