Risk mitigation is the process of taking action to reduce risk.Risk reduction is any action or inaction that reduces risk.
The DifferenceRisk 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.
Next: Risk Mitigation
Finding 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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