Difference between revisions of "Risk Mitigation"

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

Revision as of 15:20, 29 October 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 )