Residual risk definition

Residual risk means the risk which remains after security measures have been implemented, given that not all threats are countered and not all vulnerabilities can be eliminated;

Residual risk means the level of risk that remains after mitigation.

Residual risk means the risk which remains after security measures have been implemented;

Examples of Residual risk in a sentence

• Residual Risk State Fleet will carry the residual risk on the sale of the vehicle.

• Residual Risk: The levels of risk remaining after all control measures have been implemented.

• APPENDIX 7 RISK REGISTER No. Risk Description Impact Likelihood Overall Risk Score Mitigation Residual Risk Risk Owner R1 Inability to deliver against efficiency savings programme 5 3 15 • Achievement against the efficiency savings programme target to be monitored monthly by the Mental Health Governance Board (MHGB) 9 (3x3) R2 Underachievement against national and locally agreed targets for MH provisions 4 3 12 • Monthly performance report monitoring by the JCB is in place.

• Project Specific Controls: Detail any other issues identified and relevant controls Potential Hazard Controls Residual Risk Additional controls required – Ongoing vigilance by Leader & Colleagues All concerns to be reported immediately Monitor & Review – Assessment to be reviewed throughout Project IN CASE OF EMERGENCY – Colleagues should dial 999 immediately.

• Residual Risk: Risk remaining after application of Mitigations, including Mitigations classified as Controls.

More Definitions of Residual risk

Residual risk means the risk of loss arising when recognised credit risk mitigation techniques used by a credit institution prove less effective than expected;

Residual risk means potential risk remaining after all risk mitigation measures identified in the Risk Mitigation Implementation Plan are implemented.

Residual risk. – means the remaining risk after implementation of the risk control measures.

Residual risk means the amount of risk remaining after inherent risks have been reduced by risk controls;

Residual risk means the risk which remains after security measures have been implemented in a CIS, given that not all threats can be countered and not all vulnerabilities can be eliminated completely.

Residual risk. Means in relation to hazardous substances, any risk of an adverse effect that remains after other industry controls and legislation such as the Hazardous Substances and New Organisms Act 1996, the Land

Residual risk means a level of risk remaining after consideration of the mitigating measures.Inherent risk means a level of risk before consideration of the mitigating measures.