Difference between revisions of "Risk Avoidance"
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| '''1.''' Risk Avoidance is to make an informed decision not to become involved in or to withdraw from a [[risk]] situation. | | '''1.''' Risk Avoidance is to make an informed decision not to become involved in or to withdraw from a [[risk]] situation. | ||
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Related Terms: [[Risk Treatment]], [[Residual Risk]] | Related Terms: [[Risk Treatment]], [[Residual Risk]] | ||
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[[Image:3D BCM Series Analyzing and Reviewing in the context of BCM Books.jpg|thumb|left|140px|Analysing And Reviewing The Risks For Business Continuity Planning [http://store.bcm-institute.org/books/bcm-specialist-series BUY!]]] | [[Image:3D BCM Series Analyzing and Reviewing in the context of BCM Books.jpg|thumb|left|140px|Analysing And Reviewing The Risks For Business Continuity Planning [http://store.bcm-institute.org/books/bcm-specialist-series BUY!]]] | ||
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'''2.''' An informed decision to not become involved in or to withdraw from a [[risk]] situation. | '''2.''' An informed decision to not become involved in or to withdraw from a [[risk]] situation. | ||
Revision as of 12:26, 29 October 2020
1. Risk Avoidance is to make an informed decision not to become involved in or to withdraw from a risk situation.
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2. An informed decision to not become involved in or to withdraw from a risk situation.
(Source: Singapore Standard 540 - SS 540:2008)
3. An informed decision not to become involved in a risk situation.
(Source: Business Continuity Institute - BCI)