Risk Management Strategy 2
Risk Management Strategy 2 : Course of action or actions to be taken in order to manage risks. A proactive approach to reduce the usually negative impacts of various risks by choosing within a range of options that include complete avoidance of any risk that would cause harm or injury, accepting the risk, controlling the risk by employing risk mitigation options to reduce impacts, or transferring some or all of the risk to another entity based on a set of stated priorities. (DHS Risk Lexicon 9/08)
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