Risks for Future Monitoring

Risks with Low Ratings of Probability and Impact

Question

Risks with low ratings of probability and impact are included on a ____ for future monitoring.

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

A.

The correct answer is A. Watchlist.

A watchlist is a tool used in risk management to track and monitor risks that are considered to have a low probability and impact but still need to be monitored for changes in circumstances that could cause the risk to increase.

A risk register is a document used to capture and track all identified risks for a project, program or organization. It includes information about the risk such as the likelihood of the risk occurring, the potential impact of the risk, and the actions that have been taken or are planned to mitigate the risk. Risks with low probability and impact are typically included in the risk register but may not receive as much attention as risks with higher probability and impact.

A risk alarm is an alert that is triggered when a risk exceeds a predetermined threshold of probability or impact. It is typically used for high-risk events that require immediate attention.

An observation list is a tool used in quality management to track and monitor issues that do not meet the established standards or criteria. It is typically used for non-conformances or defects that do not pose a significant risk to the project or organization.

Therefore, the most appropriate answer is A. Watchlist, which is a tool specifically designed for risks that have low ratings of probability and impact but still require monitoring for changes.