Risk Urgency Assessment Indicators
Question
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?
Answers
Explanations
Click on the arrows to vote for the correct answer
A. B. C. D.C.
During qualitative risk analysis, it is important to determine the risk priority or urgency assessment. This helps to prioritize the risks and determine which ones require immediate attention. The indicators of risk priority include the risk rating, warning signs, and symptoms.
The risk rating is a measure of the probability and impact of a risk occurring. It is calculated by multiplying the probability and impact scores, and can help to prioritize risks based on their likelihood and potential impact.
Warning signs are events or conditions that suggest a risk is about to occur or is already happening. They can help to identify risks that require immediate attention or intervention.
Symptoms are the physical or observable signs of a risk or its impact. They can help to identify risks that have already occurred and require immediate attention to mitigate or minimize their impact.
The cost of the project is not an indicator of risk priority. While it is important to consider the financial impact of a risk, it is not a direct measure of its priority or urgency.
In conclusion, the correct answer to the question is C. The cost of the project is not an indicator of risk priority. The indicators of risk priority include the risk rating, warning signs, and symptoms.
