Business Pitch Dictionary by pitch.dog
Enterprise risk & controls · Core

Risk avoidance

Also called: avoid risk

ELI5

Choosing not to undertake an activity that creates a risk.

Used in conversation

“Add risk avoidance to the risk register with an owner and mitigation.”

Pitch context

You will see “Risk avoidance” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches enterprise risk & controls.

Why it matters: In enterprise risk & controls, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.