Which of thefollowing will allow Tim to focus risk management efforts on identified risks?

Tim is responsible for contingency planning at his company. Which of the
following will allow Tim to focus risk management efforts on identified risks?

Tim is responsible for contingency planning at his company. Which of the
following will allow Tim to focus risk management efforts on identified risks?

A.
A risk assessment

B.
Residual risks

C.
Security controls

D.
Business units

Explanation:
The risk assessment is critical because it enables the person
responsible for contingency planning to focus risk management efforts and resources
in a prioritized manner only on the identified risks.



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Joe

Joe

Risk assessment is the determination of quantitative or qualitative estimate of risk related to a well-defined situation and a recognized threat (also called hazard). Quantitative risk assessment requires calculations of two components of risk (R): the magnitude of the potential loss (L), and the probability (p) that the loss will occur. Acceptable risk is a risk that is understood and tolerated usually because the cost or difficulty of implementing an effective countermeasure for the associated vulnerability exceeds the expectation of loss.[1] “Health risk assessment” includes variations, such as risk as the type and severity of response, with or without a probabilistic context.