Which of the following risk mitigation strategies focuses on reducing the likelihood or impact of...

Risk reductioninvolves proactive steps to decrease the probability or potential impact of a risk before it materializes. The IASP SPP curriculum emphasizes that effective strategic planning incorporates risk reduction measures such as process improvements, controls, and contingency preparations to minimize vulnerabilities. This differs from risk acceptance (acknowledging risk), avoidance (eliminating risk entirely), or transfer (shifting risk to another party). Risk reduction enhances resilience and supports successful strategy execution.【IASP SPP Study Guide - Risk Management】【PMI, Risk Management Framework】