Definition(s)
Risk Reduction
Decrease in risk through risk avoidance, risk control, or risk transfer.
Sample Usage: By placing vehicle barriers outside the facility, the security team achieved a significant risk reduction.
Annotation:
- Risk reduction may be estimated during both the decision and evaluation phases of the risk management cycle.
- Risk reduction can be accomplished by reducing vulnerability and/or consequences (damages).
Source: DHS Risk Lexicon, U.S. Department of Homeland Security, 2010 Edition. September 2010 Regulatory Guidance