Residual risk in the risk management process refers to the level of risk that remains after all mitigation measures and controls have been implemented. It acknowledges that while risks can be reduced, they cannot be entirely eliminated. Organizations must assess and monitor these residual risks to ensure they are within acceptable limits and are prepared to respond if they materialize. Effective communication about residual risks is crucial for informed decision-making and strategic planning.
what is the purpose of feedback and lessons learned in the rm process
Supervise and evaluate
A decision-making process for identifying hazards and controlling risks both on-duty and off-duty
Identify Hazards, Assess hazards, develop controls and make risk decisions, implement controls, supervise and evaluate to reduce hazards.
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 selected
Supervise and evaluate
Identifying hazards and controlling risk
Identifying hazards and controlling risk
Identifying hazards and controlling risk
Identifying hazards and controlling risk
Identifying hazards and controlling risk
Risk Level