Continuously tracking identified risks, assessing new risks, executing response plans and evaluating their effectiveness during a projects lifecycle

Residual Risk

Likelihood and impact after implementing mitigation, transference or acceptance measures on the initial risk
Leftover Risk after mitigation is implemented

Secondary Risk

They are new risks that arise from that risk mitigation implementation
We need to mitigate those to an acceptable level as well

Control Risk

Assessment of how a security measure has lost effectiveness over time

Risk Reporting

Process of communicating information about risk management activities

Helps to:

  • Informed Decision-Making
  • Risk Mitigation
  • Stakeholder Communication
  • Regulatory Compliance