Risk Treatment 9
Risk Treatment 9 : The selection and implementation of relevant options for managing risk. The key treatments include: (1) Acceptance: risks are retained by the organisation. (2) Avoidance: deciding not to carry on with the proposed activities due to the risk being unacceptable or finding another alternative that is more acceptable. (3) Reduction: reducing the likelihood and/or consequence of the risk. (4) Transfer: transferring the risk in part or in totality to another. Insurance is an example of risk transfer
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