Risk Mitigation Framework

A Risk Mitigation Framework is a framework that provides systematic approaches for identifying, assessing, and reducing potential threats through coordinated strategies and controls.

• AKA: Risk Management Framework, Threat Mitigation System, Risk Reduction Framework, Hazard Control Framework.
• Context:
  • It can typically employ Risk Assessment Methods for threat identification.
  • It can often utilize Control Hierarchys for hazard reduction.
  • It can typically implement Monitoring Systems for risk tracking.
  • It can often require Response Protocols for incident management.
  • It can range from being a Preventive Risk Mitigation Framework to being a Reactive Risk Mitigation Framework, depending on its temporal approach.
  • It can range from being a Centralized Risk Mitigation Framework to being a Distributed Risk Mitigation Framework, depending on its control structure.
  • It can range from being a Comprehensive Risk Mitigation Framework to being a Targeted Risk Mitigation Framework, depending on its risk scope.
  • It can range from being a Rigid Risk Mitigation Framework to being an Adaptive Risk Mitigation Framework, depending on its flexibility level.
  • ...
• Examples:
  • Organizational Risk Mitigation Framework, such as:
    • Enterprise Risk Management Framework for corporate risk.
    • ISO 31000 Framework for standardized approach.
  • Societal Risk Mitigation Framework, such as:
    • Polycentric Risk Mitigation Framework for distributed governance.
    • National Security Framework for threat management.
  • ...
• Counter-Examples:
  • Risk Acceptance Strategy, which tolerates potential loss.
  • Risk Transfer Strategy, which shifts liability.
  • Risk Avoidance Strategy, which eliminates exposure.
• See: Framework, Polycentric Risk Mitigation Framework, Risk Assessment Task, Risk Management, Safety System, Control Framework, Governance Framework.

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