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TOPIC: Residual Risk Cost

Residual Risk Cost 2 years 4 months ago #16820

  • Najeeb Safi
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Where do we account for Residual Risk Cost? is it part of Contingency reserve or management reserve? Chapter 11.5

Residual Risk Cost 2 years 4 months ago #16879

  • Syed Farhan Qadri
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Residual risk is known. We use Contigency reserves, if it occur. Management reserve is for unknown risk, which didn't identified in the Identify risk process. Hope it help you.
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