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Residual Risk

Visualize residual risk directly from the Risk Register

Dana Mauger avatar
Written by Dana Mauger
Updated this week

HERE'S WHY

Residual Risk represents the remaining risk after mitigating or transferring it. The inherent risk is the untreated likelihood x impact numerical score (5x5). After applying mitigating controls for example, the residual risk is the leftover risk that remains after treatment, which is a measure of the effectiveness of the treatment.

BEFORE DIVING IN

The residual risk only applies to risks for which you've applied one of the following treatment types: 'Mitigated' or 'Transferred'.

HERE'S HOW

When viewing the Risk Register, notice the two columns of numerical scoring. The left column represents the inherent risk score, while the right represents the residual score.

Add residual risk score

  1. Select a risk.

  2. Enter the Impact and Likelihood under Assessment section.

  3. Select Mitigated or Transferred for the treatment to add the residual risk. ​

  4. Enter the treatment details, impact and likelihood for the residual score.

  5. Save and the risk register will update with the changes.

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