QuestionQ1737

Risk Response and Reporting

Which parameter is MOST important when selecting an appropriate risk response?

  • A Cost of response
  • B Capability to implement response
  • C Importance of risk
  • D Efficiency of response
Explanation

The importance of the risk is the primary determinant of the appropriate response because the response must be proportionate to the risk’s likelihood, impact, and priority. A minor risk may be accepted or monitored, while a high-priority risk can warrant avoidance, transfer, or mitigation; cost, feasibility, and efficiency refine the choice after that proportionality is established.

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