Inherent Risk – Is it useful?

The ISO 31000:2009 standard does not refer to “inherent” risk. Is this a deliberate omission and if so, what is the reason? This leads to the ... Read more

The Scoring of Residual Risk

We previously discussed the pros and cons of identifying and assessing the level of inherent risk. This article assumes that inherent risk is used ... Read more

Can Residual Risk Be Higher Than Inherent Risk?

For those that adopt inherent risk in their risk assessment process, there is general recognition that inherent and residual risk are connected in ... Read more