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Question 74 - IT Risk Fundamentals discussion

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Which of the following is used to estimate the frequency and magnitude of a given risk scenario?

A.

Risk analysis

Answers
A.

Risk analysis

B.

Risk register

Answers
B.

Risk register

C.

Risk governance

Answers
C.

Risk governance

Suggested answer: A

Explanation:

Risk analysis is used to estimate the frequency and magnitude of a given risk scenario. Here's the breakdown:

Risk Analysis: This process involves identifying and evaluating risks to estimate their likelihood (frequency) and potential impact (magnitude). It includes both qualitative and quantitative methods to understand the nature of risks and their potential consequences.

Risk Register: This is a tool used to document risks, including their characteristics and management strategies. It does not perform the analysis itself but records the results of the risk analysis process.

Risk Governance: This refers to the framework and processes for managing risks at an enterprise level. It includes the policies, procedures, and structures to ensure effective risk management but does not directly involve estimating frequency and magnitude.

Therefore, risk analysis is the correct method for estimating the frequency and magnitude of a risk scenario.

asked 18/11/2024
Sergio Monsegur Torralba
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