You are conducting a status meeting and monitoring your risk register when you discover a risk that remains even after you implement all?

Some times the risk remains even if you implement every thing you know; in this case you should have a contingency plan to avoid big loses and find out other experiances helping you to solve the remaining risk.

 

one of risk type is some thing you cant solve, all what you can do is to avaoid the big loses if happened.

Depending on the complexity and level of residual risk remainING, the mitigation/treatment would be decided accordingly. If it qualifies as a major or critical risk, then a response strategy needs to be planned and implemented to address this criticality and manage the risk. If, the residual risk is a minor or non-threatening risk, then option A would be advisable, where a response strategy plan is not needed.

The response would depend according to the complexity of the remaining risk. If it is a minor risk that will not cause major issue later on (bearing in mind all risks are manifested into issues in the long run if not dealt with), then the answer would be A. But if the remaining issue is impactful then I would rather say the answer is D - even if its a residual risk. You need to plan a response strategy to mitigate the impact or outcome. As it is said - better be safe than sorry. Finding a risk handling approach and putting in place a mitigation action can be value added and sign of effective risk and issue management.

Answer: AExplanation: Residual risks are risks that remain even after you have planned for and implemented all of your risk response strategies. They don't need any further analysis because you have already planned the most complete response strategy you know in dealing with the risk that came before them.