Which of the following is a factor to be taken into consideration when developing and using risk assessments?
A.
Risk assessments will need to work undertaken during the Business Impact Analysis (BIA) to determine the products, services, and activities that need to be
B.
The time that has elapsed since the last assessment of risks in order to maintain its currency
C.
Risk assessments are primarily produced as information for regulators and auditors to provide evidence that the organization is monitoring and managing risks
D.
Risk assessments are based on estimations of the likelihood and consequences of a risk occurring
The CBCI 7.0 course explains thatrisk assessments fundamentally rely on evaluating the likelihood of risk occurrence and the consequencesif they materialize. This probabilistic approach enables prioritization and treatment planning. Although risk assessments inform BIAs and regulatory compliance, their primary purpose is to analyze potential risks in terms of impact and probability to guide effective continuity strategies. Currency (timeliness) is important but secondary to the quality of likelihood and consequence evaluations, which form the basis of all risk decisions.
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