c
c describes the part of risk management in which decisions are made about how to

treat risks that have been previously identified and prioritised. Options for risk treatment may include
risk avoidance, risk reduction, risk transfer or risk acceptance.
Risk treatment is also known as risk control.
Risk Treatment is the selection and implementation of appropriate options for dealing with risk.
Risk Treatment includes Risk:
˜ pvoidance
˜ Reduction
˜ Transference
˜ pcceptance
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c
c
c
 refers to the shifting of the burden of loss for a risk to another party through
legislation, contract, insurance or other means. It can also refer to the shifting of a physical risk or part
thereof elsewhere. p series of techniques describing the various means of addressing risk through
insurance and similar products. This includes recent developments such as the securitization of risk and
creation of, for example, catastrophe bonds.


 
 
 
  




 


c
 
 is to make an informed decision not to become involved in or to withdraw from a risk
situation.

c
c 
  is to take appropriate actions to lessen the probability, negative consequences or
both, associated with a risk.
 The purpose of Risk Reduction is to reduce the risk to a level which is acceptable to management;
by identifying, evaluating and implementing suitable controls or countermeasures. Examples of a control
is the deployment of more security guards (physical control) and clean desk policy (procedural control).
p selective application of appropriate techniques and management principles to reduce either
probability of an occurrence or its impact, or both.
p selective application of appropriate techniques and management principles to reduce or mitigate
either likelihood of an occurrence or its consequences, or both.
Plans and processes that will allow an organization to avoid, preclude, or limit the impact of a crisis
occurring. The tasks included in prevention should include compliance with corporate policy, mitigation
strategies, and behavior and programs to support avoidance and deterrence and detection.
The implementation of the preventative measures which Risk pssessment has identified.

c



 is to make an informed decision to accept the probability and impact of a particular
risk. Risk pcceptance depends on risk criteria .pn informed decision to accept the probability and impact
of a particular risk. pn informed decision to accept the consequences of likely events based on risk
criteria.