Risk Transfer
Risk Transfer is referring to the transferring of risk. When mitigating risk, we are looking for ways to deal with the risk that is presented to us. Transferring risk is …
Risk Acceptance (Accept)
Image Source Risk Acceptance (Accept) refers to accepting the risk that is presented to you or your organization. When assessing risk, there are four strategies used when mitigating the risks …
Risk Avoidance
Avoidance refers to avoiding the risk that is found altogether. When mitigating risk, there are four strategies used, one of them being avoidance. Avoidance is to avoid the risk altogether; …
Risk Mitigation
Mitigation occurs when assessing risk. When assessing risk there are many ways to work with the risks that are found in an organization. Risk mitigation is broken down into four …