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Avoid – Change plans to circumvent the problem; Control / mitigate / modify / reduce – Reduce threat impact or likelihood (or both) through intermediate steps; Accept / retain – Assume the chance of the negative impact (or auto-insurance ), eventually budget the cost (e.g. via a contingency budget line); or
The purpose of the mitigation plan is to describe how this particular risk will be handled – what, when, by whom and how will it be done to avoid it or minimize consequences if it becomes a liability. Summarizing planned and faced risks, effectiveness of mitigation activities, and effort spent for the risk management.
Mitigation planning identifies policies and actions that can be taken over the long term to reduce risk, and in the event of a disaster occurring, minimize loss. Such policies and actions are based on a risk assessment , using the identified hazards , vulnerabilities and probabilities of occurrence and estimates of impact to calculate risks ...
"No net loss" is defined by the International Finance Corporation as "the point at which the project-related impacts on biodiversity are balanced by measures taken to avoid and minimize the project's impacts, to understand on site restoration and finally to offset significant residual impacts, if any, on an appropriate geographic scale (e.g local, landscape-level, national, regional)."
“Avoid, minimize, mitigate,” is a bit of a slogan for conservationists, Stangler said. The preference is that wetlands impacts are avoided altogether. If that can’t be done, then the ...
Security controls or security measures are safeguards or countermeasures to avoid, detect, counteract, or minimize security risks to physical property, information, computer systems, or other assets. [1] In the field of information security, such controls protect the confidentiality, integrity and availability of information.
The chances of risk are minimized whilst one has better knowledge of the opportunities and consequences that could follow a situation. In order to reduce risk, a full analysis of potential best and worst results is required. Before taking into consideration any plan, people should be aware of the consequences of both success and failure.
Mitigation is often used interchangeably with risk reduction, however the terms have a few key differences. Both aim to reduce the number of negative effects of hazards, but risk reduction focuses on reducing the likelihood of the event itself, while mitigation focuses on reducing the impact of the event.