MANAGEMENT

BUISENESS MANAGEMENT

RISK MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In a scatter chart used for risk analysis, which quadrant represents a “high-likehood/ high-consequence” risk?
A
Quadrant 1
B
Quadrant 2
C
Quadrant 3
D
Quadrant 4
Explanation: 

Detailed explanation-1: -High Level Risk Assessment simply considers the event as probable, without going into detail on what countermeasures are already in place or what vulnerabilities are present.

Detailed explanation-2: -How to Analyze Project Risks. At a basic level, there are three things you should consider when assessing project risks: risk probability, risk impact and risk exposure.

Detailed explanation-3: -Probability/consequence matrix The probability/consequence matrix method is a prominent method of assessing risk severity when conducting a qualitative risk analysis, and it can assess risks at all levels of the company.

Detailed explanation-4: -Qualitative Risk Assessment The qualitative risk assessment is the most common form of risk assessment.

There is 1 question to complete.