Risk Management Basics: Risk Management Techniques

While there are a wide variety of risks in any workplace, there are essentially four strategies for managing those risks: acceptance, avoidance, mitigation, and transference. In this program, we’ll walk through each of these strategies. We’ll discuss knowing your risk threshold in accepting risk. We’ll talk about how to avoid risk through elimination. We’ll go over how and why to mitigate risk, and cover when it’s right to transfer risk.