MANAGEMENT

Detailed explanation-1: -Residual risk is the risk that remains after your organization has implemented all the security controls, policies, and procedures you believe are appropriate to take. Or, phrased another way: residual risk is risk that can affect your business even after taking all appropriate security measures.

Detailed explanation-2: -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-3: -Residual risks are the leftover risks, the minor rin. The PMBOK Guide defines residual risks as “those risks that are expected to remain after the planned response of risk has been taken, as well as those that have been deliberately accepted.”

Detailed explanation-4: -Residual risk is a risk that remains after Risk Management options have been identified and action plans have been implemented.

Detailed explanation-5: -The residual risk is the amount of risk or danger associated with an action or event remaining after natural or inherent risks have been reduced by risk controls.