Which term describes a prioritization of risks based on a scale of anticipated potential impact?

Which term describes a prioritization of risks based on a scale of anticipated potential impact?

• A. Risk Register
• B. Risk Identification
• C. Risk Control
• D. Risk Mapping

Answer: (A)

This item focuses on how risks are ordered by their potential impact to guide where to focus attention and resources. The risk register is the tool that collects identified risks along with their assessed likelihood and impact, and then assigns a priority or risk score. This makes it the best term for describing a prioritized list of risks based on how severe their impact could be. In practice, the register serves as a living repository to track which risks should be addressed first and how monitoring and responses should be allocated. Risk identification is the process of finding risks, not ranking them. Risk control concerns implementing measures to reduce risk, not listing or prioritizing them. Risk mapping provides a visual view of risk levels (often in a heat map), which helps see priorities visually, but the explicit, structured prioritization or ranking is embedded in the risk register.

This item focuses on how risks are ordered by their potential impact to guide where to focus attention and resources. The risk register is the tool that collects identified risks along with their assessed likelihood and impact, and then assigns a priority or risk score. This makes it the best term for describing a prioritized list of risks based on how severe their impact could be. In practice, the register serves as a living repository to track which risks should be addressed first and how monitoring and responses should be allocated.

Risk identification is the process of finding risks, not ranking them. Risk control concerns implementing measures to reduce risk, not listing or prioritizing them. Risk mapping provides a visual view of risk levels (often in a heat map), which helps see priorities visually, but the explicit, structured prioritization or ranking is embedded in the risk register.