risk mitigation JUST WRITTEN FOR YOU
/ˈrɪsk mɪtɪˌgeɪʃən/ · risk.mit.i.ga.tion
noun
- The process of identifying and assessing potential risks, and implementing measures to reduce or eliminate their impact. The company's risk mitigation strategy included diversifying its investments and implementing robust cybersecurity protocols.
- A set of procedures or policies designed to minimize the consequences of a potential risk or threat. The emergency response plan was a key component of the company's risk mitigation strategy.
Synonyms
risk managementhazard controlsafety protocolsloss preventioncontingency planningcrisis managementdisaster recovery
Antonyms
Did you know? The concept of risk mitigation has been around for centuries, with ancient civilizations such as the Greeks and Romans implementing measures to mitigate the risks associated with natural disasters and wars.