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of your response strategies. What kind of risk is this and what should you do about it? A. It's a residual risk. You don't need to plan a response strategy for it because you've already implemented all of the risk responses you can plan for. B. It's a secondary risk. You don't need to worry about it. C. It's a contingency reserve. You should only use it if the first risk occurs. D. It's a residual risk. You need to plan a response strategy for it.
Some times the risk remains even if you implement every thing you know; in this case you should have a contingency plan to avoid big loses and find out other experiances helping you to solve the remaining risk.
one of risk type is some thing you cant solve, all what you can do is to avaoid the big loses if happened.
Depending on the complexity and level of residual risk remainING, the mitigation/treatment would be decided accordingly. If it qualifies as a major or critical risk, then a response strategy needs to be planned and implemented to address this criticality and manage the risk. If, the residual risk is a minor or non-threatening risk, then option A would be advisable, where a response strategy plan is not needed.
Answer: AExplanation: Residual risks are risks that remain even after you have planned for and implemented all of your risk response strategies. They don't need any further analysis because you have already planned the most complete response strategy you know in dealing with the risk that came before them.
