Which approach is suitable for a risk with high frequency and low severity?

The most suitable approach for a risk that presents high frequency and low severity is acceptance. This approach involves acknowledging the risk and allowing it to occur without implementing extensive controls or measures to prevent it. Given that the impact of such risks is typically minor when they do materialize, organizations often determine that the administrative and financial costs of mitigation or prevention strategies are not justified.

In cases where a risk can be tolerated without significant consequences, acceptance becomes a practical choice. It enables the organization to allocate resources more effectively toward managing more critical risks that could have severe consequences. By choosing acceptance, an organization can also promote operational efficiency and flexibility, as they will not be burdened with excessive measures for low-impact events.

Other approaches, such as transference or mitigation, would generally involve resource investment that may not be warranted for risks categorized as low severity. Additionally, prevention strategies are usually reserved for risks that could result in higher severity, where the potential consequences justify preemptive measures. Therefore, acceptance emerges as the most reasonable strategy for addressing risks that frequently occur but have minimal impact when they do.