Risk Visualization and Mitigation Strategies
August 1, 2023 Audit Story, Internal Audit

Risk visualization basis impact and likelyhood
1. Low Probability and High Impact = Medium Risk

2. High Probability and Low Impact = Medium Risk

3. Low Probability and Low Impact = Low Risk

4. High Probability and High Impact = High Risk

Type of Risk Treatment :
- Risk Mitigation
- Risk reduction
- Risk Avoidance
- Risk Transfer
- Risk Acceptance
Risk Mitigation

Risk Reduction

RiskĀ Avoidance

Risk Acceptance
