Risk response plan for secondary risk

Submitted by abdsal on Mon, 04/22/2013 - 06:26

 Hi all ,

 

How do we handle secondary risk? Shall we use contingency plan for that? 

 

Regards

 

abdsal

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bkthakkar

Mon, 04/22/2013 - 09:39

Secondary Risk is basically an accepted risk after the risk response which is tolerable to the Organization.


However in case of secondary risk becomes intolerable and significant, then fall back plan has to be resorted from the Contingency allocated for such activity


 

abdsal

Mon, 04/22/2013 - 10:48

 

 

Dear thakkar,

 

thank you!!!

 

abdsal

Geethika

Mon, 04/22/2013 - 12:53

Secondary risk is a new risk emerged out of any risk response plan implementation.

Shouldn't it be treated iteratively into risk analysis processes and develop a response for it?

We have "contingency plans", if it fails "fallback plans" made for residual risks (actively accepted)

Pls correct me if am wrong

sspawar

Mon, 04/22/2013 - 15:46

 11.5.2 is indicating for response review.