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Risk Mitigation

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PPGPortal > Home > Concept Dictionary > R > Risk Mitigation
 

Risk Mitigation 

Steps taken to avoid the assumption of risk, or lessen the impact of said risk. This can be done either by controlling the risk directly, or by transferring the risk, through taking out insurance, etc.

HM Treasury. "The Orange Book: Management of Risk - Principles and Concepts." 2004, p. 27.

 

     

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