Risk Avoidance

From BCMpedia. A Wiki Glossary for Business Continuity Management (BCM) and Disaster Recovery (DR).
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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.


Related Terms: Risk Treatment, Residual Risk

Analysing And Reviewing The Risks For Business Continuity Planning BUY!


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 2D: Intermediate (DR)



Courses

(Source: Business Continuity Management Institute - BCM Institute)

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)