Identified Risk Levels in Project Management - CRISC Exam

Identified Risk Levels

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Question

You are the project manager in your enterprise.

You have identified risk that is noticeable failure threatening the success of certain goals of your enterprise.

In which of the following levels do this identified risk exists?

Answers

Explanations

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A. B. C. D.

A.

Moderate risks are noticeable failure threatening the success of certain goals.

Incorrect Answers: B: High risk is the significant failure impacting in certain goals not being met.

C: Extremely high risk are the risks that has large impact on enterprise and are most likely results in failure with severe consequences.

D: Low risks are the risk that results in certain unsuccessful goals.

Based on the information given in the question, it is not possible to definitively determine the level of the identified risk without further information. However, we can provide some guidance on how to assess the level of risk in a project.

The level of risk in a project is typically assessed by considering two factors: the likelihood of the risk occurring and the impact it would have if it did occur. The likelihood of a risk can be assessed by considering factors such as the probability of the risk occurring, the frequency with which it might occur, and the severity of its consequences. The impact of a risk can be assessed by considering factors such as the potential financial or reputational damage to the enterprise, the impact on stakeholders, and the effect on the success of the project goals.

Based on these factors, the level of risk can be assessed as low, moderate, high, or extremely high. A low level of risk typically means that the likelihood of the risk occurring is low and the impact, if it were to occur, would be relatively minor. A moderate level of risk typically means that the likelihood of the risk occurring is moderate and the impact, if it were to occur, would be moderate. A high level of risk typically means that the likelihood of the risk occurring is high and the impact, if it were to occur, would be significant. An extremely high level of risk typically means that the likelihood of the risk occurring is very high and the impact, if it were to occur, would be catastrophic.

Therefore, without additional information on the likelihood and impact of the risk, it is not possible to definitively determine the level of the identified risk in the project. However, based on the information provided in the question, it is likely that the identified risk would fall into either the high or extremely high risk categories, given that it is described as a noticeable failure threatening the success of certain goals of the enterprise.