residual risk


A risk that remains after all efforts have been made to mitigate or eliminate risks associated with a business process or investment. After a risk assessment, a residual risk may be known but not completely controllable, or, it may not be known. In either case, the residual risk is assumed by whoever owns the investment or the business process.
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
residual process residual security