Risk Reduction
| 1. Risk Reduction is to take appropriate actions to lessen the probability, negative consequences or both, associated with a risk.
Related Terms: Risk Treatment, Risk Mitigation, Risk Transference.
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(Source: Business Continuity Management Institute - BCM Institute) |
2. A selective application of appropriate techniques and management principles to reduce either probability of an occurrence or its impact, or both.
(Source: Singapore Standard 540 - SS 540:2008)
3. A selective application of appropriate techniques and management principles to reduce or mitigate either likelihood of an occurrence or its consequences, or both.
(Source: Business Continuity Institute - BCI)
4. Plans and processes that will allow an organization to avoid, preclude, or limit the impact of a crisis occurring. The tasks included in prevention should include compliance with corporate policy, mitigation strategies, and behavior and programs to support avoidance and deterrence and detection.
(Source: ASIS International - ASIS International)
5. The implementation of the preventative measures which Risk Assessment has identified.
(Source: Business Continuity Institute - BCI)
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(Source: ENISA - the European Network and Information Security Agency. BCM & Resilience Glossary) |

