What is residual risk?

Residual risk is the level of risk that remains after controls and treatments are in place.

Comparing the rating before controls (inherent risk) with residual risk shows how much the controls are relied on, and which controls most need checking.

Related terms

Risk matrix

Rates each risk by likelihood and consequence on a grid, commonly 5×5, to give it a rating such as low, medium, high or critical.

Risk register

Lists a project's identified risks with their cause, likelihood, consequence, owner and the actions to treat them.

PreviousRisk matrix

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