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WebFeb 18, 2024 · Being more proactive rather than reactive is always the best approach to reducing risk points. Assessing Risks Once potential risks have been identified, each risk should be assessed to determine the likelihood of it becoming a concern, its level of severity, and the probable impact — this helps audit teams prioritize each risk. WebWhen investing, we can reduce risk through proper due diligence, diversification, seeking the advice of qualified experts, and investing primarily in that which we understand or can control to some extent. Transferring Risk Another way to deal with risks we are unable or unwilling to completely avoid is to transfer them to a third party. dallas to port aransas flights
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