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It is a strategy devised to minimize, to the lowest level possible, any risks to an enterprise while still managing to maintain the optimum output and delivery of labor, goods, services, etc.
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How do risk taking and risk assessment relate to right and responsibilities?
Risk taking and risk assessment are not related to personal rights. Some might say that risk taking is a right but others might say that it is an abrogation of one's responsibilities.
What is reasonable risk?
If this is a serious question, a reasonable risk is a risk you take if the chance of winning is worth the chance of failing. It can also be a risk you have thought about, and brought it into reason.
What is the difference between risk retention and risk transfer?
risk retention is to accept when the loss occurs and risk transfer is shifting the responsibilty of one's own losses to someone else.
What risk did the slaves take?
the risk that the slaves take is that they have to run away by night, unseen, and unsentered.
What is the what if strategy in driving?
The "what if" strategy in reference to driving means being prepared and knowing what to do in dangerous situations. This is giving the driver the means to prevent accidents from happening or helping them be best prepared if something does happen.
What is risk mitigation?
Mitigating Risks is a strategy that we would use when it is not possible to avoid a risk.Definition: Mitigation is a strategy by which – We reduce the Probability and/or Impact of a risk to an acceptable level.The whole idea about this Risk Mitigation strategy is to be proactive and dealing with a risk before it actually occurs. This would be much cheaper and cost effective than handling the risk once it occurs. Remember the age old saying “Prevention is better than cure”. Though we aren’t preventing or eliminating the risk altogether, we are at least preparing ourselves to handle it in the best way possible instead of just reacting once the risk event actually occurs.
What risk mitigation framework allows scope for research and acknowledgement for risk mitigation?
Ti
What is mitigation strategy of fire?
marchod
What is mitigation stratery?
A strategy that is created to avoid the negative effects of something For ex: having a fire extinguisher is a mitigation strategy to avoid damages due to fire
Use of insurance?
Safety! Risk mitigation!
What is the difference between mitigation and remediation?
Reduce the impact of risk is MitigationRemoval of risk is Remediation
This word means to reduce risk to your home from a disaster?
The answer is mitigation.
What is a Mitigation stategey?
A mitigation strategy is a way to control damages. It is a way to decrease the cost of damages and recoup some of the losses incurred when a tort is committed against someone.
In the context of rm and range safety mitigation of risk is the ability?
Evaluate the risk that each hazard represents
What is mitigation statergies?
Mitigation strategies refer to actions taken to reduce or prevent the impact of a potential threat or risk. These strategies are designed to lessen the severity or likelihood of a negative event occurring. Examples of mitigation strategies include disaster preparedness plans, infrastructure improvements, and risk assessments.
What are the Steps of risk managements?
To identify the risk ,to analyze it to determine the impact and set the mitigation to prevent or minimize the impact
Where can you learn about company risk strategy?
One can learn about company risk strategy online at various websites. One can learn about risk strategy at websites such as Risk Strategies Company and ENISA.
