Risk that remains after all controls have been identified and selected
'Compliance risk' means the risk of material financial loss, legal liability, or loss of reputation to a business as a result of its failure to comply with the law.
the term catastrophic, critical, marginal and negligible used in risk management
Objective Risk Management is not a common term in Risk Management, it's mainly used by companies to promote their Risk Management services by adding the word "Objective" to it. It has no specific meaning.Answer: Risk management is Assessment of risks that arise and then taking safety measures in place to control them and then making sure they work in practice. Its primary objective is to help the daily decision making and implementation process by identifying and managing the uncertainities.
how do you understand by the term performance
risk assessment
Risk that remains after all controls have been identified and selected
Risk that remains after all controls have been identified and selected
Risk that remains after all controls have been identified and selected
It is the possibility of a remaining risk when all other risks have been eliminated
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
A residual What_does_residual_risk_mean_in_the_CRM_processis the remains of a risk on which a response has been performed.As part of CRM you are managing some risk, for which you will have some risk response or strategy. A residual risk is the reminder of the risk that remains after you have implemented a risk responseRead more: What_does_residual_risk_mean_in_the_CRM_process
In simple terms - 'residual risk' is the tiny possibility of something going wrong with whatever you're doing. For example, fell-walking is perfectly safe, however - there is a residual risk of you tripping or falling.
"The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures)"Basically it means that it's the risk that remains once you've done everything you could in order to cancel out risk.
"The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures)"Basically it means that it's the risk that remains once you've done everything you could in order to cancel out risk.
"The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures)"Basically it means that it's the risk that remains once you've done everything you could in order to cancel out risk.
The residual risk is the risk or danger of an action or an event
"The residual risk is the risk or danger of an action or an event, a method or a (technical) process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied (scientifically conceivable measures)"Basically it means that it's the risk that remains once you've done everything you could in order to cancel out risk.