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What does the term residual risk?

Updated: 8/18/2019
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8y ago

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"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.

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8y ago
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Q: What does the term residual risk?
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What does the term risk risidual means?

The residual risk is the risk or danger of an action or an event


What does the term residual risk means CRM?

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What does the term residual mean in CRM?

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What is the term residual risk mean?

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.


What term does residual risk mean?

It is the possibility of a remaining risk when all other risks have been eliminated


What does the term residual risk in the crm process?

Risk that remains after all controls have been identified and selected


What does term residual risk mean in crm process?

Risk that remains after all controls have been identified and selected


What the term residual risk mean in the CRM process?

Risk that remains after all controls have been identified and selected


What is the Risk remaining after controls have been identified and selected?

It is residual risk


Why report residual risk?

Residual risk is the risk remaining when you have implemented all the preventive actions you intend to. If residual risk is not reported then management cannot know how much risk is being accepted.


What does residual risk mean in the CRM process?

A residual risk is 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 response.