What is the expected outcome of risk mitigation strategies?

The expected outcome of risk mitigation strategies is to achieve a reduction of risk likelihood or impact. This approach involves implementing measures designed to lessen the possible negative consequences of identified risks. Mitigation can take various forms, such as implementing security controls, enhancing training, or establishing policies that lower the chances of a risk event occurring or minimize its adverse effects if it does occur.

While complete elimination of risk might seem ideal, it's generally unattainable in practice, as all organizations face some level of inherent risk. Additionally, risk mitigation efforts do not create additional risks; rather, they aim to manage existing ones. Increased awareness of existing risks can be a byproduct of risk management practices, but it is not the primary goal or expected outcome of specific mitigation strategies. Thus, focusing on reducing the likelihood or impact of risks effectively captures the essence of what successful mitigation aims to achieve.