Deliberate action taken to reduce the potential for harm or maintain it at an acceptable level.
Sample Usage: As a risk control measure, security guards screen items to reduce the likelihood of dangerous articles getting inside of office buildings.
Annotation: Risk control is one of a set of four commonly used risk management strategies, along with risk avoidance, risk acceptance, and risk transfer.
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance
A barrier implemented within an activity designed to eliminate or mitigate a risk or range of risks.
A risk control may take the form of” hard” barriers based on engineered, physical solutions to prevent or avoid a risk, or “soft:” barriers relying on compliance with operating plans, procedures and competence of the workforce. Normally, multiple risk controls or “layers of protection” are implemented to achieve risk acceptance.
Source: IOGP Report No. 510, Operating Management System Framework for controlling risk and delivering high performance in the oil and gas industry, International Association of Oil & Gas Producers, June 2014. Global Standards