ITIL · Question #477
What BEST describes the purpose of analyzing risk?
The correct answer is B. To assess impact and probability. Risk analysis is the activity of evaluating identified risks by determining their potential impact and the probability that they will occur. These two dimensions together enable informed decisions about risk treatment.
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
(43 responses)- A7% (3)
- B86% (37)
- C5% (2)
- D2% (1)
Why each option
Risk analysis is the activity of evaluating identified risks by determining their potential impact and the probability that they will occur. These two dimensions together enable informed decisions about risk treatment.
Impact and urgency are the criteria used to prioritize incidents in incident management, not the factors evaluated during risk analysis.
ITIL and general risk management frameworks define risk analysis as the assessment of both impact - the consequence if a risk materializes - and probability - the likelihood of occurrence. Together these two factors allow risks to be prioritized and appropriate responses to be planned.
Remediation planning is a subsequent response activity that follows risk assessment; it is not the purpose of analyzing risk itself.
Transition planning is a separate activity within service transition management and is unrelated to the purpose of risk analysis.
Concept tested: ITIL risk analysis - impact and probability assessment
Source: https://www.axelos.com/best-practice-solutions/itil
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