PK0-003 · Question #61
Which of the following strategies would be used to reduce the impact of a risk?
The correct answer is A. Risk mitigation. Risk mitigation is the strategy specifically designed to reduce the probability or impact of a negative risk event. It involves taking actions to lessen the potential harm if a risk occurs.
Question
Which of the following strategies would be used to reduce the impact of a risk?
Options
- ARisk mitigation
- BRisk avoidance
- CRisk acceptance
- DRisk transfer
How the community answered
(36 responses)- A86% (31)
- B3% (1)
- C8% (3)
- D3% (1)
Why each option
Risk mitigation is the strategy specifically designed to reduce the probability or impact of a negative risk event. It involves taking actions to lessen the potential harm if a risk occurs.
Risk mitigation involves taking proactive steps to reduce the likelihood of a risk occurring or to lessen its potential impact if it does occur. This strategy focuses on implementing controls or countermeasures to keep the risk within acceptable levels.
Risk avoidance is a strategy to eliminate the risk entirely by stopping the activity that causes the risk, not just reducing its impact.
Risk acceptance means deciding to take no action regarding a risk and simply dealing with its consequences if it materializes, rather than reducing its impact.
Risk transfer involves shifting the responsibility and potential impact of a risk to a third party, often through insurance or outsourcing, not directly reducing the impact by internal actions.
Concept tested: Risk management strategies - mitigation
Topics
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