A risk manager documents the causes of a risk in the risk register but needs to ensure the risk is adequately described. Which aspect is critical for the risk manager to consider when describing the causes?
A risk manager documents the causes of a risk in the risk register but needs to ensure the risk is adequately described. Which aspect is critical for the risk manager to consider when describing the causes?
When describing the causes of a risk in the risk register, it's critical that the causes represent actual conditions. This ensures that the documented risks are based on factual and realistic information, which is essential for accurate risk assessment and management. Hypothetical scenarios or uncertain conditions do not provide a solid foundation for effectively mitigating risks.
This is critical for the Risk Register to be grounded in reality and based on factual information. I just checked the Standard of Risk Management (page 129 now, X6.2): Cause > Fact or Condition Risk > Uncertainty Effect > Possible result
Cause should consider the fact or condition, risk is uncertainty event, and effect is the result, see the Standard of Risk Management page 126. the Answer is B
A risk manager should consider all of the options when describing the causes of a risk in the risk register. Here is a brief explanation of each option: C. Each cause may have a degree of uncertainty, and the risk manager should consider this when describing the causes. This will help to accurately assess the likelihood and impact of the risk.