What part of the risk management process involves risk reduction?

The part of the risk management process that involves risk reduction is the control phase. This phase focuses on implementing measures to mitigate or minimize identified risks. Control strategies may include creating safety protocols, using protective equipment, or implementing safety training programs. The goal is to reduce the probability of accidents or to lessen the impact of potential risks on individuals and the organization.

In contrast, the other options serve different purposes within the risk management process. Assessment is the phase where risks are analyzed and evaluated to understand their potential impact and likelihood. Identification is where one pinpoint potential risks that could affect the organization or project. Elimination, while an ideal scenario, refers specifically to completely removing a risk, which may not always be feasible. Thus, control encompasses the practical actions taken to reduce risks and enhance safety effectively.