Act of mitigating a known risk to a lower level of risk.
A) Risk reduction
B) Risk mitigation
C) Risk evaluation

Question

Quizplus · Accepted Answer

Risk mitigation refers to the act of reducing or minimizing the impact of a known risk on the organization or project, whereas risk reduction refers to reducing the likelihood of a risk occurring. Risk evaluation is the process of assessing and analyzing the potential risks associated with a particular situation or decision. Therefore, the best option is B, risk mitigation, as it specifically reflects the act of reducing a known risk to a lower level of risk.

Act of Mitigating a Known Risk to a Lower Level