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Risk control

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Definitions Edit

Risk control is

[a] risk-handling option that monitors a known risk and then takes specific actions to minimize the likelihood of the risk occurring and/or reduce the severity of the consequences.[1]
deliberate action taken to reduce the potential for harm or maintain it at an acceptable level.[2]

Overview Edit

"Risk control is one of a set of four commonly used risk management strategies, along with risk avoidance, risk acceptance, and risk transfer."[3]

References Edit

  1. Defense Acquisition University, Glossary, at B-159 (13th ed. Nov. 2009) (full-text).
  2. DHS Risk Lexicon, at 29.
  3. Id.

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