Glossary definition: Mitigating Controls For Risk Management

Mitigating Controls: Risk Management Strategies

Mitigating controls for risk management are the actions or measures taken to reduce the likelihood of a risk occurring or its potential impact. These controls can be implemented at different stages of the risk management process, such as identifying, assessing, responding, and monitoring risks. Mitigating controls can include preventive measures, such as implementing security protocols or training staff, or corrective measures, such as developing a contingency plan or creating a risk mitigation plan. The goal of mitigating controls is to reduce the level of risk to an acceptable level.