A shop installs machine guarding on a press and then documents the remaining, lower exposure as accepted with an owner and review date. Which treatment path does this describe?

Risk reduction lowers likelihood or consequence through controls such as machine guarding. After reduction, remaining residual risk may be accepted when it fits appetite, provided the decision is documented, owned, and reviewed. The scenario correctly sequences reduce-then-accept rather than accepting an untreated high hazard or substituting waivers for physical controls.