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... > social science subjects > politics and international relations > governance > crisis management > issues in crisis management > residual risk
... > social science subjects > business and management > management settings > business management > governance > crisis management > issues in crisis management > residual risk

Preferred term

residual risk  

Definition

  • The presence of residual risk is a function of the reality that risk management is not synonymous with complete risk eradication, which is almost never feasible. Although its definitions vary across the range of settings in which it manifests, generally speaking, residual risk is the acceptable level of risk that remains after technology or other controls have been applied. [Source: Encyclopedia of Crisis Management; Residual Risk]

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https://concepts.sagepub.com/social-science/concept/residual_risk

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