What is difference between Secondary risk and Residual risk?

Risks that are caused by implementing a risk response is known as?

Risks that are caused by implementing a risk response is known as? Lawrence is working on project risk management. Project risk management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation and monitoring risk on a project. He is working on the Plan risk response and implement risk response processes. These risks always need to be considered when developing response strategies. It is a direct outcome of implementing a risk response. Risks that are caused by implementing a risk response is known as? A. Primary risk. B. Residual risk. C. Secondary risk. D. Contingency risk. Answer: Option C is correct. Risks that are caused by implementing a risk response is known as secondary risk. Secondary risk and Residual risks Secondary risk: Secondary risks always need to be considered when developing response strategies. Secondary risk is the one, which occurs as a result of implementing a risk response. It is a direct outcome of implementing a risk response. Residual risks: These are the risks that remain after implementing the risk responses. It is known as residual risks.

Lawrence is working on project risk management. Project risk management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation and monitoring risk on a project. He is working on the Plan risk response and implement risk response processes. These risks always need to be considered when developing response strategies. It is a direct outcome of implementing a risk response. Risks that are caused by implementing a risk response is known as?

A. Primary risk.
B. Residual risk.
C. Secondary risk.
D. Contingency risk.

Answer: Option C is correct. Risks that are caused by implementing a risk response is known as secondary risk.

Secondary risk and Residual risks

  • Secondary risk: Secondary risks always need to be considered when developing response strategies. Secondary risk is the one, which occurs as a result of implementing a risk response. It is a direct outcome of implementing a risk response.
  • Residual risks: These are the risks that remain after implementing the risk responses. It is known as residual risks.
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