Less Risk Than Tolerance Level? Take Appropriate Action

C.

When the risk level is less than risk tolerance level of the enterprise than no action is taken against that, because the cost of mitigation will increase over its benefits.

Incorrect Answers: A: This is not a valid answer, as no response is being applied to such low risk level.

B: Risk register is updates after applying response, and as no response is applied to such low risk level; hence no updating is done.

D: This is not a valid answer, as no response is being applied to such low risk level.

As the risk official of your enterprise, you have just completed the risk analysis process and noticed that the risk level associated with your project is less than the risk tolerance level of your enterprise. In this scenario, the most likely action you should take is option C: No action.

The risk tolerance level of the enterprise represents the maximum level of risk that the organization is willing to accept. If the risk level associated with the project is below this level, then the project is considered acceptable from a risk perspective, and no further action is required.

Option A: Apply risk response, would be appropriate if the risk level was above the risk tolerance level, and the organization needed to take action to mitigate or transfer the risk.

Option B: Update risk register, would be necessary if new risks had been identified during the risk analysis process that were not previously included in the risk register.

Option D: Prioritize risk response options, would be required if there were multiple risks that needed to be addressed and prioritized based on their severity and impact on the project and the organization.

In conclusion, the most appropriate action to take when the risk level associated with your project is less than the risk tolerance level of your enterprise is option C: No action.