Fill in the blank with an appropriate phrase. The _________ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all…

The correct answer is A. residual risk. The answer is Residual Risk. Residual risk is the risk that remains after all planned risk responses have been implemented. No matter how thorough the risk management effort, some level of risk can never be fully eliminated - this irreducible remainder is the residual risk. It…

Risk Strategy and Planning

Question

Fill in the blank with an appropriate phrase. The _________ is the risk or danger of an action or an event, a method or a (technical) process that still conceives these dangers even if all theoretically possible safety measures would be applied.

Options

Aresidual risk

How the community answered

(67 responses)

A
100% (67)

Explanation

The answer is Residual Risk. Residual risk is the risk that remains after all planned risk responses have been implemented. No matter how thorough the risk management effort, some level of risk can never be fully eliminated - this irreducible remainder is the residual risk. It is distinct from a secondary risk, which is a new risk created as a direct result of implementing a risk response. Residual risks should be documented in the risk register and may require contingency reserves or fallback plans. This concept is fundamental in both project management (PMBOK) and general risk/safety frameworks, where it acknowledges that zero risk is theoretically unachievable.

Topics

#Residual risk#Risk terminology#Risk types

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