Question 23
Domain 3 — Risk Response and ReportingWhich risk treatment strategy involves taking actions to reduce the likelihood or impact of a risk?
Correct answer: B
Explanation
Risk mitigation is the strategy of taking actions to reduce a risk’s likelihood or impact. It focuses on lowering either how often the risk may occur or how severe the consequences would be.
Why each option is right or wrong
A. Risk avoidance
B. Risk mitigation
Under standard risk management terminology, the treatment option that involves implementing controls to lower either the probability of the event or the severity of its consequences is risk mitigation. The other common treatments are avoidance, transfer, and acceptance, so the presence of active measures to reduce likelihood or impact identifies mitigation rather than simply tolerating or shifting the risk.
C. Risk transfer
D. Risk acceptance