What identification technique is used to help reduce the ambiguity of a risk statement?

The correct answer is C. Probability risk, impact. Expressing a risk statement in terms of probability and impact forces the risk to be described with quantifiable, concrete parameters-making the statement less open to interpretation. By pairing the likelihood of occurrence with the magnitude of the consequence, the risk statemen

Risk Process Facilitation

Question

Options

ADriver risk, outcome
BExploit, risk, accept
CProbability risk, impact
DCause, risk, effect

How the community answered

(40 responses)

A
3% (1)
B
5% (2)
C
90% (36)
D
3% (1)

Explanation

Expressing a risk statement in terms of probability and impact forces the risk to be described with quantifiable, concrete parameters-making the statement less open to interpretation. By pairing the likelihood of occurrence with the magnitude of the consequence, the risk statement is bounded and specific rather than vague. While the 'Cause, Risk, Effect' structure (Option D) is a widely used technique for structuring the narrative of a risk statement, framing risks with probability and impact (Option C) directly addresses ambiguity by anchoring assessments in measurable terms that all stakeholders can interpret consistently. Options A and B describe response strategies, not identification techniques for clarifying risk statements.

Topics

#Risk Identification#Risk Statement Clarity#Risk Attributes#Ambiguity Reduction

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