For my own research [1, 2], I follow the structural risk definition, which simplifies flood risk from a general definition to structural/functional quantities with clear limit state functions.

Eq. 1 (general): risk = probability x consequences

Eq. 2: (structural/functional): risk = failure probability x consequences

Now, in the international literature, the concept of residual risk is also found, e.g. in [3]. This appears in particular in the context of risk communication. In my opinion, both terms describe the same thing. Is that correct? Or do I just not know the difference? I think the term residual risk suggests that the risk can be reduced to zero. So I consider it not very desirable from a technical point of view. At the same time, I also see the difficulty of communicating the risk according to equation 1. What do you think? What experiences have you had?

Many greetings, Niklas

[1]

Article Enriching flood risk analyses with distributions of soil mec...

[2]

Article Geometric and Material Variability of the Probability of Lan...

[3]

Article Managing residual flood risk behind levees: Comparing USA, F...

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