CRMA Certification Practice Exam 2026 – Comprehensive All-in-One Resource to Master Risk Management Assurance!

Risk mitigation primarily involves implementing strategies to reduce risk impacts, which is fundamental to managing risks effectively. This process includes identifying potential risks, assessing their potential impact, and determining the best course of action to minimize or eliminate their effects. For example, risk mitigation strategies can include developing contingency plans, investing in insurance, conducting safety training, or improving operational processes to reduce vulnerabilities. The goal is to create a proactive approach to risk management, ensuring that an organization can respond appropriately and minimize any negative consequences associated with identified risks.

The other options do not align with the core concept of risk mitigation. Increasing the likelihood of risk occurrences would contradict the objective of managing risks; accepting all potential risks ignores the proactive nature of risk management; and ignoring minor risks fails to consider that even small risks can escalate or combine with other factors to create significant challenges.