QuestionQ68Verified/Risk ResponseCopy linkReport a problemAsk AstroTutorSave questionWhat is the PRIMARY reason for conducting a cost-benefit analysis as part of a risk-response business case?ATo determine if the reduction in risk is sufficient to justify the cost of implementing the responseBTo determine the future resource requirements and funding needed to monitor the related riskCTo calculate the total return on investment (ROI) over time and benefit to enterprise risk management (ERM)Show AnswerAnswerExplanationA cost-benefit analysis establishes whether the anticipated reduction in risk exposure is sufficient to warrant the cost of implementing the proposed response.Show comments0Show commentsCommunity DiscussionNo comments yet. Be the first to start the discussion!
Community Discussion