Which risk is not yet identified and may be discovered after a mishap occurs?

Which risk is not yet identified and may be discovered after a mishap occurs?

• A. Unidentified Risk
• B. Identified Risk
• C. Hazard
• D. Residual Risk

Answer: (A)

In risk management, there are risks you’ve identified and controls you’ve put in place, and there are risks you haven’t found yet—the unknowns that may only come to light after something happens. An unidentified risk is exactly that: a hazard or risk pathway you haven’t discovered or assessed before a mishap occurs, and which investigative findings after the event reveal. This is why it best fits the description of something not yet identified that may be discovered after an incident. Hazard refers to any source of potential harm but is something you can recognize beforehand. An identified risk is already known and documented. Residual risk is the remaining risk after controls are applied. These terms describe risks you know or those that persist after mitigation, not the unknowns revealed only after an event.

In risk management, there are risks you’ve identified and controls you’ve put in place, and there are risks you haven’t found yet—the unknowns that may only come to light after something happens. An unidentified risk is exactly that: a hazard or risk pathway you haven’t discovered or assessed before a mishap occurs, and which investigative findings after the event reveal. This is why it best fits the description of something not yet identified that may be discovered after an incident.

Hazard refers to any source of potential harm but is something you can recognize beforehand. An identified risk is already known and documented. Residual risk is the remaining risk after controls are applied. These terms describe risks you know or those that persist after mitigation, not the unknowns revealed only after an event.