Risk mitigant
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Risk management - risk mitigation.
A risk mitigant is a structure or an action that reduces the potential impact of a risk.
Examples include collateral, guarantees, insurance and incorporating additional redundancy into operational processes.
- We need better risk mitigants
- "... we need to plan for the bad times as well as the good.
- This means more and better stress testing, more scenario planning, understanding the points of weakness in our supply chains and developing better risk mitigants.
- Certainly, construction costs have increased in recent months – the debate now is how much is transitory and how much is permanent.
- What is the trade-off of embedding more redundancy in our processes?"
- The Treasurer, November 2021 - Issue 4, 2021, p15 - Ian Chisholm, Group Treasurer, Grosvenor
