Residual Risk
| 1. Residual Risk is the remaining risk which cannot be defined in more detail after elimination or inclusion of all conceivable quantified risks in a risk consideration. Residual risk is the level of uncontrolled risk remaining after the risk treatment.
Related Terms: Risk Acceptance.
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(Source: Business Continuity Management Institute - BCM Institute) |
2. The level of uncontrolled risk remaining after all cost-effective actions have been taken to lessen the impact and probability of a specific risk or group of risks, subject to the organizations risk appetite.
(Source: Business Continuity Institute - BCI)
