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
Risk Avoidance
Risk Acceptance
