Which risk is part of identified risk and is allowed to persist without further engineering or management action?

Which risk is part of identified risk and is allowed to persist without further engineering or management action?

• A. Acceptable Risk
• B. Unacceptable Risk
• C. Residual Risk
• D. Identified Risk

Answer: (A)

In risk management, not every identified risk is eliminated. Some are evaluated as tolerable and can be left as-is because the cost or effort to reduce them isn’t justified. That kind of risk is called acceptable risk. It remains part of what’s been identified, but management has decided that no further engineering or management actions are warranted, so it is allowed to persist. Unacceptable risk would require action to reduce it. Residual risk is the remaining risk after actions have been taken to mitigate, not the risk you knowingly leave untreated. Identified risk is simply a risk that has been recognized, not yet judged for action.

In risk management, not every identified risk is eliminated. Some are evaluated as tolerable and can be left as-is because the cost or effort to reduce them isn’t justified. That kind of risk is called acceptable risk. It remains part of what’s been identified, but management has decided that no further engineering or management actions are warranted, so it is allowed to persist.

Unacceptable risk would require action to reduce it. Residual risk is the remaining risk after actions have been taken to mitigate, not the risk you knowingly leave untreated. Identified risk is simply a risk that has been recognized, not yet judged for action.