Difference between revisions of "Risk Treatment"

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=== European Definitions ===
=== European Definitions ===
{{definition|Risk treatment is the process of selection and implementation of [[Measure|measures]] to modify [[risk]]  (refers to [[ISO|ISO/IEC Guide 73]]). <ref name="ENISAGlos"> [http://www.enisa.europa.eu/activities/risk-management/current-risk/risk-management-inventory/glossary ENISA Risk Glossary]</ref>}}<br />
=== Other International Definitions ===
=== Other International Definitions ===
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{{#set:defined by=Australia|defined by=Czech Republic|defined by=ISO}}
{{#set:defined by=ENISA|defined by=Australia|defined by=Czech Republic|defined by=ISO}}

Revision as of 23:49, 20 July 2015


European Definitions


Risk treatment is the process of selection and implementation of measures to modify risk (refers to ISO/IEC Guide 73). [1]

Other International Definitions

National Definitions


Risk treatment is the selection and implementation of appropriate options for dealing with risk. [2]

Czech Republic

Zvládání rizika, ošetření rizika: proces pro modifikování (změnu) rizika. [3]

Risk treatment is the process to modify (change) a risk. [4]

Standard Definition

ISO/IEC 27000:2014

Process to modify risk. [5](based on the ISO Guide 73:2009[6])

Risk treatment can involve:

  • avoiding the risk by deciding not to start or continue with the activity that gives rise to the risk;
  • taking or increasing risk in order to pursue an opportunity;
  • removing the risk source;
  • changing the likelihood;
  • changing the consequences;
  • sharing the risk with another party or parties (including contracts and risk financing) (see Risk Transfer); and
  • retaining the risk by informed choice.

Risk treatments that deal with negative consequences are sometimes referred to as “Risk Mitigation”, “Risk Elimination”, “Risk Prevention” and “Risk Reduction”.

Risk treatment can create new risks or modify existing risks.

See also