Risk that remains after response to ridentified risk is planned/selected
It means risk that remains after all controls have been identified and selected.
Risk that remains after all controls have been identified and selected.
Residual risk refers to the level of risk that remains after all risk management measures have been implemented. In the risk management (RM) process, it is the risk that is still present despite efforts to mitigate, transfer, or eliminate potential threats. Organizations must assess and understand this residual risk to ensure that it is within acceptable limits and to make informed decisions about further risk management strategies. Managing residual risk is crucial for effective risk governance and overall organizational resilience.
"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.
Residual risk in the risk management process refers to the remaining risk after all mitigation strategies and controls have been implemented. It represents the level of risk that an organization must accept or manage despite its efforts to reduce potential threats. Understanding residual risk is crucial for informed decision-making, as it helps organizations prioritize resources and develop contingency plans for potential adverse events. Ultimately, it reflects the inherent uncertainties that still exist in any risk management strategy.
It means risk that remains after all controls have been identified and selected.
Risk that remains after all controls have been identified and selected.
Residual risk refers to the level of risk that remains after all risk management measures have been implemented. In the risk management (RM) process, it is the risk that is still present despite efforts to mitigate, transfer, or eliminate potential threats. Organizations must assess and understand this residual risk to ensure that it is within acceptable limits and to make informed decisions about further risk management strategies. Managing residual risk is crucial for effective risk governance and overall organizational resilience.
"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.
stern
Residual risk in the risk management process refers to the remaining risk after all mitigation strategies and controls have been implemented. It represents the level of risk that an organization must accept or manage despite its efforts to reduce potential threats. Understanding residual risk is crucial for informed decision-making, as it helps organizations prioritize resources and develop contingency plans for potential adverse events. Ultimately, it reflects the inherent uncertainties that still exist in any risk management strategy.
Risk that remains after all controls have been selected
Risk that remains after all controls have been selected
Risk that remains after all controls have been selected
Risk that remains after all controls have been selected
Risk that remains after all controls have been identified and selected
Risk that remains after all controls have been identified and selected