Residual Risk, Remaining Risk
Residual Risk, Remaining Risk :
Risks cannot be totally avoided so that a residual risk remains. This consists of three parts, namely the accepted risk, the unknown risk, which is beyond cognition faculty, and the risk due to inappropriate measures or wrong decisions e.g. during disaster response. The accepted risk corresponds to the level of loss a society or community considers acceptable given existing social, economic, political, cultural, technical and environmental conditions because the risk is considered to be negligible, because the benefit associated with the risk make the risk acceptable or because (further) risk reduction would imply disproportionate efforts. The accepted residual risk thus is also the risk that remains after the implementation of protective measures with a certain safety level
