ExamGecko
Question list
Search
Search

Question 31 - IT Risk Fundamentals discussion

Report
Export

Why is risk identification important to an organization?

A.

It provides a review of previous and likely threats to the enterprise.

Answers
A.

It provides a review of previous and likely threats to the enterprise.

B.

It ensures risk is recognized and the impact to business objectives is understood.

Answers
B.

It ensures risk is recognized and the impact to business objectives is understood.

C.

It enables the risk register to detail potential impacts to an enterprise's business processes.

Answers
C.

It enables the risk register to detail potential impacts to an enterprise's business processes.

Suggested answer: B

Explanation:

Risk identification is critical because it ensures that risk is recognized and the impact on business objectives is understood. Here's why:

Provides a review of previous and likely threats to the enterprise: While this is part of risk identification, it does not encompass the primary purpose. Reviewing past threats helps in understanding historical risks but does not address the recognition and understanding of current and future risks.

Ensures risk is recognized and the impact to business objectives is understood: This is the essence of risk identification. It helps in identifying potential risks and understanding how these risks can impact the achievement of business objectives. Recognizing risks allows organizations to proactively address them before they materialize.

Enables the risk register to detail potential impacts to an enterprise's business processes: This is a result of risk identification, but the primary importance lies in the recognition and understanding of risks.

Therefore, risk identification is crucial as it ensures that risks are recognized and their impacts on business objectives are understood.

asked 18/11/2024
Mir Ali
42 questions
User
Your answer:
0 comments
Sorted by

Leave a comment first