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Dictionary by pitch.dog
Enterprise risk & controls · Core

Risk mitigation

Also called: mitigation

ELI5

Action to reduce the likelihood or impact of a risk.

Used in conversation

“The control is not complete until we can evidence how risk mitigation is monitored.”

Pitch context

You will see “Risk mitigation” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches enterprise risk & controls.

Why it matters: In enterprise risk & controls, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

  • MitigationThe search label “Mitigation” can route to both entries.
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Sources & evidence · 3

Direct term-level sources and supporting source families.