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Risk Mitigation vs Risk Reduction

 , updated on November 17, 2016
Risk mitigation is identifying ways to execute a strategy with less risk.
Risk reduction is identifying ways to eliminate risk.

Risk Mitigation vs Risk Reduction

Risk mitigation implies that you are proceeding with a activity but want to find ways to make it less risky. Risk reduction includes the possibility that you avoid an activity altogether because it's too risky.
Risk reduction encompasses both risk mitigation and risk avoidance. An airline might mitigate safety risks by improving maintenance procedures. They might avoid safety risks by ceasing flights to a country that has become politically unstable to the point that the airport is ripe with security risks.
Risk Mitigation vs Risk Reduction
Risk MitigationRisk Reduction
DefinitionFinding ways to conduct a given activity with less risk. Finding ways to take on less risk including the possibility of avoiding activities altogether.

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