Mitigating risk

Avoidance

Transference

Reduction

(Carter et al, 1994)

Attitudes might be either


Broader application

Risk management isn't applied only within IS work

RM is a main-plank of the insurance industry

The failure of Barings Bank might have been averted had they installed their new risk management system sooner
(Ward, 1995)

Indeed RM is important in all avenues of life


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