Future Risk Reduction (Definition)

A dimension in the assessment of Future Business Value of an asset in the Queensland Government. It deals with the degree to which an asset will contribute towards the reduction of business risks for the organisation. To assess this you need to identify the key organisational risks to your agency. Systems which assess the likelihood of the risk occurring and its impact or the systems which track the outcomes of mitigation actions all contribute to reducing the overall business risk.

Last Reviewed: 19 January 2018