Risk Management: Opportunities, Threats, and Strategies Explained #shorts

Añadido: 2026-06-03

[00:00:00]I'm going to tell you, we've got positive risks and negative risks. The positive risks we call opportunities, the negative risks we call threats. Now, the negative side you've got accept, avoid, mitigate, transfer, then the escalate. Now, a lot of people mix up mitigate and accept, or they mix up mitigate and avoid. Mitigate is a reduction of probability or impact. But, when you see avoid on the negative side, it means that you're cutting off the risk from even happening. So, avoidance is not mitigation. They're different.

[00:00:30]There's avoid, mitigate, transfer, accept, or escalate.