What type of risk management strategy do regular backups of work represent in the event of a hard drive failure?

Regular backups of work in the event of a hard drive failure exemplify a risk mitigation strategy. This strategy involves reducing the potential impact or likelihood of a risk occurring. By performing regular backups, you decrease the risk of data loss. In the event that the hard drive fails, having a backup allows for restoration of the data, thereby minimizing disruptions and protecting valuable information.

This proactive approach demonstrates the essence of risk mitigation: rather than accepting potential data loss as an unavoidable event or attempting to transfer the risk to another party (like an insurance company), you take steps to lessen its impact through preventative measures. This enhances the resilience of the project's data management and ensures continuity in operations despite unforeseen failures.