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ITIL-FOUNDATION · Question #477

What BEST describes the purpose of analyzing risk?

The correct answer is B. To assess impact and probability. Risk analysis is the process of evaluating both the potential impact of a risk and the probability that it will occur. These two factors together determine the overall risk exposure.

Understand the key concepts of service management

Question

What BEST describes the purpose of analyzing risk?

Options

  • ATo assess impact and urgency
  • BTo assess impact and probability
  • CTo review remediation planning
  • DTo review transition planning

How the community answered

(37 responses)
  • A
    3% (1)
  • B
    86% (32)
  • C
    8% (3)
  • D
    3% (1)

Why each option

Risk analysis is the process of evaluating both the potential impact of a risk and the probability that it will occur. These two factors together determine the overall risk exposure.

ATo assess impact and urgency

Impact and urgency are used together to prioritize incidents in incident management, not to analyze risk.

BTo assess impact and probabilityCorrect

Risk analysis is formally defined as assessing the probability (likelihood of occurrence) and impact (consequence if it occurs) of identified risks. Combining these two dimensions produces a risk score or matrix that informs prioritization and treatment decisions.

CTo review remediation planning

Remediation planning is an activity that follows risk analysis; it is a response to findings, not the purpose of the analysis itself.

DTo review transition planning

Transition planning is a service management activity related to deploying changes, not a component of risk analysis.

Concept tested: Risk analysis impact and probability assessment

Source: https://www.axelos.com/certifications/itil-service-management/itil-4-foundation

Topics

#risk management#risk analysis#impact and probability#risk assessment

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