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Comprehensive and Detailed Explanation:

Risk mitigation involves taking proactive actions to reduce the likelihood or impact of a potential risk. In this situation, the planner recognizes that severe weather could negatively affect the event but does not eliminate the activity entirely. Instead, the planner creates contingency plans, including an alternative venue and communication procedures, to minimize disruption.

CMP professionals are responsible for identifying, analyzing, and managing risks throughout the event lifecycle. Effective risk management includes risk identification, assessment, response planning, monitoring, and evaluation. Meeting professionals must anticipate challenges related to safety, security, weather, technology failures, transportation, legal compliance, and operational disruptions.

Risk avoidance means eliminating the risk entirely, such as cancelling an outdoor event during a period of extreme weather uncertainty. Risk acceptance means acknowledging the risk without taking additional action. Risk transfer involves shifting responsibility to another party, often through insurance or contractual agreements.

A backup venue and communication plan do not remove the possibility of bad weather, but they reduce the consequences if it occurs. This is the primary purpose of mitigation strategies.

Therefore, the correct answer is risk mitigation because the planner has implemented measures designed to reduce the impact of a potential problem while continuing with the planned event.