risk mitigation

Definition

The process by which an organization introduces specific measures to minimize or eliminate unacceptable risks associated with its operations. Risk mitigation measures can be directed towards reducing the severity of risk consequences, reducing the probability of the risk materializing, or reducing the organizations exposure to the risk.

Use risk mitigation in a sentence

You should try and be great at risk mitigation so that you are never in a place that could totally break you.

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Our risk mitigation strategy was working quite well for us and everyone involved with us liked what we were doing.

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Acme Toothpicks, Inc cut down all the firs within 100 feet of their doors in an effort to be proactive about fire risk mitigation.

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