Definition(s)
Risk Avoidance
Strategies or measures taken that effectively remove exposure to a risk.
Sample Usage: He exercised a strategy of risk avoidance by choosing not to live in an area prone to tornadoes.
Annotation: Risk avoidance is one of a set of four commonly used risk management strategies, along with risk control, risk acceptance, and risk transfer.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidanc
Risk Avoidance
Decision not to become involved in, or action to withdraw from, a risk situation.
Other Related Terms and Definitions:
ISO Guide 73 – Decision not to become involved in, or action to withdraw from, a risk situation.
Source: International Association of Drilling Contractors, Appendix 2 to Health, Safety and Environment Case Guidelines for Offshore Drilling Contractors, Issue 3.3.2, February 2010. IADC Guidelines
Risk avoidance
Informed decision not to be involved in, or to withdraw from, an activity in order not to be exposed to a particular risk (1.1). NOTE Risk avoidance can be based on the result of risk evaluation (3.7.1) and/or legal and regulatory obligations.
Source: ISO Guide 73:2009(E/F), Risk Management – Vocabulary, First Edition, 2009. Global Standards