MANAGEMENT

Detailed explanation-1: -Risk reducing measures include frequency reducing and consequence reducing activities, and their combinations. The measures may be of a technical, operational, and/or organizational nature. Choosing the types of measures is normally based on a broad evaluation, where risk aspects are considered.

Detailed explanation-2: -Risk management strategy definition After identifying risks and assessing the likelihood of them happening, as well as the impact they could have, you will need to decide how to treat them. The approach you decide to take is your risk management strategy. This is also sometimes referred to as risk treatment.

Detailed explanation-3: -What are the four types of risk mitigation? There are four common risk mitigation strategies. These typically include avoidance, reduction, transference, and acceptance.