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What is a secondary risk in project management?

A secondary risk in project management refers to a new risk that arises as a direct consequence of implementing a response to an existing risk. While the primary risk is the initial threat, the secondary risk can emerge from the mitigation strategies or actions taken to address that threat. Managing secondary risks is crucial, as they can impact the project's overall success and should be identified and assessed during the risk management process.


What does risk management encompass?

Risk Management encompasses the following:- Risk Identification- Risk Quantification and Analysis- Risk Response and Control


What represents a Principles of Risk Management?

what of the following represents a principle of risk management


Which one of the following is not of the four risk management principles?

Accept no unnecessary risk is not one of the four risk management principles.


Which one of the following risk control techniques is more commonly applied to managing business risk rather than hazard risk?

The risk control technique more commonly applied to managing business risk rather than hazard risk is risk transfer, often achieved through insurance. Business risks, such as market fluctuations or operational failures, can be mitigated by transferring the financial burden to an insurance provider. In contrast, hazard risks, which involve potential physical harm or property damage, are typically managed through loss prevention and safety measures. Therefore, while both types of risks require management, risk transfer is particularly suited to the complexities of business risks.

Related Questions

Which of the following is a secondary sign of aging?

Decreased bone density is a secondary sign of aging, as it can lead to osteoporosis and an increased risk of fractures in older individuals.


How do you calculate the secondary attack rate of disease in epidemiology?

Number of new cases among contacts of known cases x multiplier--------------------------------------------------------------------------------------Size of the the contact population at riskThe secondary attack rate is the probability that infection will occur among people at risk given a reasonable incubation period following proven contact with infection persons (AKA known cases) or infected sourcesThe multiplier is usually a multiple of 100, often 1000, 100 000 or 1 000 000 depending on the population size.


What are the risk factors for the lung?

The following are risk factors for COPD:


What does risk management?

Risk Management encompasses the following:- Risk Identification- Risk Quantification and Analysis- Risk Response and Control


What does risk management encompass?

Risk Management encompasses the following:- Risk Identification- Risk Quantification and Analysis- Risk Response and Control


What are side effects for surgery on the semicircular canal?

The prime risk of any surgery is the risk of anesthesia. In this case, the secondary risk would be that of potential infection, postsurgically.


What is the motto of St. Marguerite d'Youville Secondary School?

St. Marguerite d'Youville Secondary School's motto is 'To Trust, To Risk, To Love, To Serve'.


What is Father Michael Goetz Secondary School's motto?

Father Michael Goetz Secondary School's motto is 'Take a risk, Get involved, Be Committed!'.


What represents principles of risk management?

what of the following represents a principle of risk management


What represents a Principles of Risk Management?

what of the following represents a principle of risk management


What represents a principle risk management?

what of the following represents a principle of risk management


Is having a mammogram an example of secondary prevention?

Yes, mammography is an example of secondary prevention. It does not lower the risk of disease, but seeks to detect early disease.