The process used to reduce the probability and impact of identified risks is known as?

The correct answer is risk control, which is a process that focuses on the actions taken to reduce both the likelihood and the potential impact of identified risks. In the context of fire service operations, risk control can involve various strategies such as implementing safety protocols, providing training to personnel, and utilizing equipment designed to minimize risk factors. By employing these measures, organizations can mitigate risks effectively, ensuring a safer environment for both firefighters and the public.

Risk assessment, while important, is primarily concerned with identifying and evaluating risks, rather than actively managing them. Risk prioritization involves ranking risks based on their severity and likelihood, which is essential for resource allocation but does not inherently reduce risks. Risk monitoring refers to the ongoing process of reviewing and assessing the effectiveness of risk management strategies over time, but it does not involve direct intervention strategies to reduce risk.