Risk mitigation is defined as:

API 580 defines risk mitigation as follows:

“Risk mitigation: Process of selection and implementation of measures to modify risk. The term risk mitigation is sometimes used for measures themselves.”

This definition is provided in Section 3.1.67 of API 580. It is also emphasized throughout the document that mitigation may address either probability or consequence or both, and includes actions such as inspection, maintenance, repair, replacement, and design changes.