"reduction of risks" is correct and usable in written English.
It is often used when talking about specific steps taken to mitigate potential negative outcomes or consequences. For example: We have implemented a number of strategies to achieve a reduction of risks associated with our proposed project.
Early integration of sustainability considerations into the design of industrial operations offers great potential for the reduction of risks associated with a project.
The understanding of the space and time distribution of diagenetic processes in these rocks will allow the development of predictive models of their quality, which may contribute to the reduction of risks involved in their exploration.
Effectiveness was measured in terms of costs and trends of long-term (100 years) land and fire management, landscape health, and reduction of risks across several broad aquatic, terrestrial, landscape, and socioeconomic indicators.
The study demonstrated that this modelling approach is a useful tool for estimating the contribution from different sources to the faecal contamination at the water intake of a drinking water treatment plant and provided decision-support information for the reduction of risks posed to the drinking water source.
It is therefore difficult to assess whether this type of RC leads to reduction of risks or not.
It is understood that prior reduction of risks and losses is a less expensive solution than the subsequent rehabilitation and reconstruction (Anderson 1991).
It offers measurable improvements in design productivity, design quality, and reduction of risk in product development.
Cardiovascular disease prevention depends on reduction of risk factors, including hypertension.
For the environmentalists, it offered the promise of an eventual cessation of all dumping of dredge material at the ocean site, and in the meantime, a reduction of risk of contamination from a century of unregulated or weakly regulated disposal.
Such services contribute to the prevention, delay, or reduction of risk of harm or hospital, nursing home, or other institutional care.
Lunar missions will emphasize development of capability and concomitant reduction of risk for future exploration of Mars.
