The risk left over after safeguards (mitigation strategies) have been implemented.
The residual risk is the risk or danger of an action or an event, a method or a process that, although being abreast with science, still conceives these dangers, even if all theoretically possible safety measures would be applied. The formula to calculate residual risk is x where inherent risk is. In the economic context, residual means “the quantity left over at the end of a process; a remainder”. In the property rights model it is the shareholder that holds the residual risk and therefore the residual profit.
The numerical value of residual risk in Chaldean Numerology is: 6
The numerical value of residual risk in Pythagorean Numerology is: 2
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"residual risk." Definitions.net. STANDS4 LLC, 2018. Web. 17 Mar. 2018. <https://www.definitions.net/definition/residual risk>.