Risk Assessment, step 3

This risk tool post is about the third step in a risk assessment, so if you haven't read the first two post, we recommend you read the first post to find out why it is so important to do a risk assessment in your organization and how to get started! 

Step 3: Develop strategies to reduce risk and vulnerability   

Once the threats have been identified and evaluated, and the risks rated, the next step is to consider what can be done to reduce risks to an acceptable level. Developing security strategies is a critical step in ensuring that before committing staff, resources and the firm’s reputation, the firm has taken all reasonable steps to minimize the risk.   
In general, there are two possible courses of reducing exposure to risk:

Mitigation measures to reduce risk should focus on both prevention (reduce the probability) and reaction (reduce the impact). By doing this, you can reduce the level of residual risk from the level originally assigned to each threat identified, and thereby improve your ability to deliver your program.   

For example, we could reduce the exposure the to the risk of spreading with COVID-19 by:

Damon P. Coppola (2015) “Introduction to international disaster management”  

European interagency security forum (2020) “Security to go: A risk management toolkit for humanitarian aid agencies 

Humanitarian Practice Network (2010) “Good practice review – Operational security management in violent environment” 

About the Author

Julie Hviid


Other articles:

SWOT analysis
Most project managers know this tool. But it can be used to manage risk as well as the standard project management use. Read more to find out how...
Capacity assessment
Does your organisation have the capacity to handle unforeseen risk or even disasters? Are you preventive or reactive when it comes to risk management? Read more to find out...
Why we are not very good at risk assessment
Intro People, or at least most people, are not objective in their decision making. We rely on our intuition to make decisions easier for us. Emotion, is one bias we rely on to make decisions easier. Past experience, is another. Intuition is not a bad thing, it has enabled us to survive on this world …



Feel free to contact us

for more information

+45 28 60 49 50


Our core business is rehearsing

excellence in your project

RoC Drill is used by:

RoC Consult ApS - All rights reserved.

We use cookies to allow us to better understand how the site is used. By continuing to use this site, you consent to this policy. Click to learn more