Difference between revisions of "Risk Mitigation"

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| '''1.''' Risk Mitigation is to implement measures so as to lower the exposure to the [[risk]].
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Related Terms: [[Risk Reduction]].
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| '''1.''' Risk Mitigation is to implement measures so as to lower the exposure to the [[Risk|risk]].  
 
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'''Related Terms''': [[Risk_Reduction|Risk Reduction]].
'''''Note''': Examples of such measures or processes include the implementation of policies, frameworks and statement of accountabilities.''
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'''Note''': Examples of such measures or processes include the implementation of policies, frameworks and statement of accountabilities.
 
 
[[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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'''''Courses'''''
 
* [http://www.bcm-institute.org/courses/analyzing-and-reviewing-risk-col-313 Attend: Classroom: Risk Analysis Courses]
 
* [http://www.bcm-institute.org/courses/assessing-risk-and-business-impact-requirements Attend: Classroom: Competency-based Risk Analysis Courses]
 
* [http://www.bcm-institute.org/courses/risk-analysis-and-review Attend: E-Learning: Risk Analysis module]
 
  
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'''2.''' Implementation of measures to lessen or eliminate the occurrence or impact of a crisis. Similar Term: Mitigation Strategies
 
'''2.''' Implementation of measures to lessen or eliminate the occurrence or impact of a crisis. Similar Term: Mitigation Strategies
  
 
{{Asis Source}}
 
{{Asis Source}}
  
 
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'''3.''' Measure taken to [[Reduce|reduce]] exposures to [[Risk|risks]].
'''3.''' Measure taken to [[reduce]] exposures to [[risk|risks]].
 
  
 
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'''4.''' Implementation of measures to deter specific [[Threat|threats]] to the continuity of business operations, and/or respond to any occurrence of such [[Threat|threats]] in a timely and appropriate manner.
'''4.''' Implementation of measures to deter specific [[threat|threats]] to the continuity of business operations, and/or respond to any occurrence of such [[threat|threats]] in a timely and appropriate manner.
 
  
 
('''Source:''' Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ)
 
('''Source:''' Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ)
  
 
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'''5.''' Activities taken to reduce the severity or consequences of an [[Emergency|emergency]].
'''5.''' Activities taken to reduce the severity or consequences of an [[emergency]].
 
  
 
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{{NFPA Source}}
  
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'''6.''' The means by which [[Risk|risk]] is controlled or treated.
  
'''6.''' The means by which [[risk]] is controlled or treated.
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[[Category:BCM Institute Glossary]] [[Category:BCM Institute Crisis Management Glossary]] [[Category:BCM Institute DR Glossary]] [[Category:BCM Institute Cyber Security Glossary]] [[Category:BcmBoK 2 CL 2B]] [[Category:BcmBoK 2 CL 2C]] [[Category:BcmBoK 2 CL 2D]]

Latest revision as of 04:39, 3 November 2020

1. Risk Mitigation is to implement measures so as to lower the exposure to the risk.

Related Terms: Risk Reduction.

Note: Examples of such measures or processes include the implementation of policies, frameworks and statement of accountabilities.



BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2B: Intermediate (BC)



BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2C: Intermediate (CM)



BCMBoK Competency Level
BCMBoK 2: Risk Analysis & Review CL 2CC: Intermediate (CC)

(Source: Business Continuity Management Institute - BCM Institute)

2. Implementation of measures to lessen or eliminate the occurrence or impact of a crisis. Similar Term: Mitigation Strategies

(Source: ASIS International - ASIS International)

3. Measure taken to reduce exposures to risks.

(Source: Business Continuity Institute - BCI)

4. Implementation of measures to deter specific threats to the continuity of business operations, and/or respond to any occurrence of such threats in a timely and appropriate manner.

(Source: Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ)

5. Activities taken to reduce the severity or consequences of an emergency.

(Source: NFPA 1600 Standard on Disaster/Emergency Management and Business Continuity Programs, NFPA 1600:2007)

6. The means by which risk is controlled or treated.

(Source: Australia. A Practitioner's Guide to Business Continuity Management HB292 - 2006 )