Risk management strategies refer to measures that may be implemented after the LMO is introduced into the environment (or placed in the market, if applicable) aimed at reducing the risks identified during the assessment to a level that may be considered as acceptable. Risk management strategies can be useful to increase confidence when dealing with uncertainty or, in the case where risks have been identified, to reduce the likelihood or impact of the potential adverse effect. Risk management strategies may aim to reduce the likelihood or consequences of potential adverse effects and are referred to as “preventive measures” and “mitigation measures”, respectively. Some approaches to risk assessment may also include the identification of measures to control an adverse effect should it occur.
