Risk mitigation: Difference between revisions
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The use of techniques to reduce the likelihood or the potential size of adverse effects on the organisation. (But without avoiding or transferring the risk entirely.) | The use of techniques to reduce the likelihood or the potential size of adverse effects on the organisation. | ||
(But without avoiding or transferring the risk entirely.) | |||
For example, requiring collateral from borrowers in order to mitigate credit risk. | For example, requiring collateral from borrowers in order to mitigate credit risk. | ||
Revision as of 11:40, 1 December 2021
The use of techniques to reduce the likelihood or the potential size of adverse effects on the organisation.
(But without avoiding or transferring the risk entirely.)
For example, requiring collateral from borrowers in order to mitigate credit risk.
