Risk Management Documentation

Quantitative and Qualitative Risk Analysis Results

Question

Which of the following documents is described in the statement below It is developed along with all processes of the risk management.

It contains the results of the qualitative risk analysis, quantitative risk analysis, and risk response planning.

Answers

Explanations

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A. B. C. D.

D.

The document described in the statement is the Risk Register, which is option D.

The Risk Register is a critical component of the risk management process. It is a living document that is developed and updated throughout the project or system development life cycle. The Risk Register is used to record and track risks and their associated information, including likelihood, impact, and risk response planning.

The Risk Register is created during the risk management planning process and is updated during the risk identification, risk analysis, and risk response planning processes. It contains the results of both qualitative and quantitative risk analyses, which are used to identify, assess, and prioritize risks. Qualitative risk analysis is used to assess the probability and impact of identified risks, while quantitative risk analysis uses numerical techniques to assess the likelihood and impact of identified risks.

In addition to risk assessment, the Risk Register also includes risk response planning, which involves developing strategies to mitigate, avoid, transfer, or accept risks. Risk response planning is essential to minimizing the impact of risks on the project or system development.

The Risk Register is a critical tool for project managers and security engineers to manage risks throughout the project or system development life cycle. It provides a central repository for risk information, enabling stakeholders to track and manage risks effectively. As risks are identified and addressed, the Risk Register is updated to reflect the latest information and status of risks.

In summary, the Risk Register is a document developed along with all processes of the risk management that contains the results of qualitative and quantitative risk analysis, as well as risk response planning.