CISSP-ISSMP: Information Systems Security Management Professional

By ISC · Question Mode

QuestionQ66

VerifiedRisk Management

Your project contains several risks that could cause a serious financial impact if they occur. You have studied the risk events and developed potential risk responses, but management wants you to do more. They would like you to create a chart that identifies each risk event’s probability and impact, including a financial amount. What is the likely outcome of creating this type of chart?

Explanation

Assigning probabilities and monetary impacts to risk events enables numerical assessment of their potential exposure, including expected monetary value. This constitutes quantitative risk analysis.

Community Discussion

No comments yet. Be the first to start the discussion!