What is a typical outcome when implementing a risk reduction strategy?

Implementing a risk reduction strategy is primarily aimed at minimizing the potential negative effects associated with risks in certain processes or projects. When executed effectively, such a strategy typically leads to a decreased impact of identified risks. This means that while certain risks may still be present, their potential damage or adverse effects on the project or process are significantly reduced.

For example, if a company implements rigorous quality control measures, the likelihood of product defects (a risk) decreases, thereby mitigating the negative impact on customer satisfaction and potentially reducing costs associated with returns or rework.

This positive outcome stands in contrast to the other options. The occurrence of increased risks, higher project costs, or the development of additional risks can happen as a result of poor risk management or unforeseen circumstances, but they do not directly represent the goal or typical result of a well-implemented risk reduction strategy. Instead, the correct answer highlights the primary benefit of such strategies, which is to lessen the adverse effects of risks that could hinder overall objectives.