During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one?

The correct answer is C. Cost of the project. Risk urgency assessment focuses on how quickly a risk needs to be addressed. Indicators of risk priority and urgency include: (A) Risk rating - a combined measure of probability and impact; (B) Warning signs - early signals that a risk is about to materialize; and (D) Symptoms…

Security and Privacy Governance, Risk Management, and Compliance Program

Question

Options

ARisk rating
BWarning signs
CCost of the project
DSymptoms

How the community answered

(33 responses)

A
3% (1)
B
9% (3)
C
85% (28)
D
3% (1)

Explanation

Risk urgency assessment focuses on how quickly a risk needs to be addressed. Indicators of risk priority and urgency include: (A) Risk rating - a combined measure of probability and impact; (B) Warning signs - early signals that a risk is about to materialize; and (D) Symptoms - observable conditions that indicate a risk event may be occurring. The overall cost of the project (C) is a project parameter, not a risk-specific urgency indicator. It does not help determine how soon a specific risk needs attention, making it the exception.

Topics

#Qualitative Risk Analysis#Risk Priority#Risk Urgency#Risk Assessment

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