BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Overall residual risk of a mission must be determined when more than one hazard is identified.
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The level of risk remaining after controls have been implemented.
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Leaders and soldiers at all levels are responsible and accountable for managing risks by ensuring that hazards and associated risks are Identified during planning, preparation, and execution of operations
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Controlled during preparation and execution of operations
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Detailed explanation-1: -Residual risk is the risk that remains after efforts to identify and eliminate some or all types of risk have been made. Residual risk is important for several reasons. First to consider is that residual risk is the risk “left over” after security controls and process improvements have been applied.
Detailed explanation-2: -A residual risk is a controlled risk. It’s the risk level after controls have been put in place to reduce the risk. Residual risk should only be a small proportion of the risk level that would be involved in the activity if no control measures were in place at all.
Detailed explanation-3: -Portion of risk remaining after security measures have been applied.
Detailed explanation-4: -Residual risk is the risk that remains after risk control options have been put in place. This means introducing risk controls that make the outcome of the hazardous event less severe, e.g.: A steel erector working at height might wear a fall-arrest harness.
Detailed explanation-5: -Inherent risk refers to the natural risk level in a process that has not been controlled or mitigated in risk management.