UK UXO CONSULTANCY & SPECIALIST SUPPORTCLARITY BELOW THE SURFACE
RISK REDUCTIONSYSTEMS

GLOSSARY / Risk management

Residual risk

The risk remaining after the selected measures have been applied. It reflects the limitations and assumptions that still matter to the project.

THE RRS GLOSSARY

Why it matters to a project

A report should communicate remaining uncertainties to the people making decisions and carrying out the works. A change in the activity may require the risk position to be reviewed.

PROJECT EXAMPLE

A survey report identifies restrictions in coverage that need to be understood by the construction team.

A useful distinction

Completion of a contracted task is not a general guarantee of zero risk.

Questions to ask when it appears in a scope

  • What area, activity and decision does this term refer to?
  • What evidence or output will the project team receive?
  • What limitations need to be carried into the next stage?

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