Across
- 1. The process of identifying, analyzing, and evaluating potential risks
- 4. Minimizing the likelihood or impact of a risk through proactive measures
- 6. A financial tool used to transfer risk by compensating for losses
- 8. Eliminating the risk entirely by choosing not to engage in the activity
- 9. Shifting the risk to a third party, often through contracts or insurance
- 10. Accepting the risk and preparing to manage its consequences internally
Down
- 2. A planned approach to managing risks in alignment with organizational goals
- 3. Taking steps to lessen the severity or impact of a potential risk
- 5. Continuously tracking risks and treatment effectiveness over time
- 7. Implementing procedures or safeguards to keep risks within acceptable limits