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RISK BASED PROBLEM SOLVING AND DECISION MAKING
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Video: What is Residual Risk? (1)

Why This Matters: In RBDM, there is no such thing as having the right balance between risks and controls. Why? Project constraints, VUCA, people, and processes change all the time so risk – control balance needs to be changed to adjust to the conditions.

Project Question: Do you accept higher residual risks or having more controls? Why?