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TOPIC: Residual Risk and Seconary Risk

Residual Risk and Seconary Risk 1 year 9 months ago #15757

  • Ximena
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Hi ,

What are the main diferences between secondary risks and Residual Risks?

Thank you!

Residual Risk and Seconary Risk 1 year 9 months ago #15762

  • Ty Weston, PMP
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The big differences between the two are this. Secondary risks arise from a plan that was put in place to deal with another risk; they all pop up in response to another risk. Whereas a residual risk is a risk that is essentially left over and remains there or are just accepted.
To summarise, a secondary risk comes from implementing a plan to another risk, some kind of action is usually done for it. While a residual risk s are sometimes expected to remain-in place even after dealing with a risk, and action may or may not take place to deal with it; these can be dealt through a contingency plan if needed.

[email protected] 1 year 9 months ago #15770

  • Anonymous
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Thank you! Perhaps you can give me an example of each risk?

[email protected] 1 year 9 months ago #15786

  • Ty Weston, PMP
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Secondary risk: You build a dam in a river to create a lake, but the water ends up going around the dam.
Residual risk: You build a dam in a river to create a lake but it floods more land than expected when it rains more than normal,;you accept this, as it does not happen every year and no houses are affected.
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