Certified in Risk and Information Systems Control (CRISC) — Question 1297

Your project has several risks that may cause serious financial impact if they occur. You have studied the risk events and made some potential risk responses for the risk events but management wants you to do more. They'd like you to create some type of a chart that identified the risk probability and impact with a financial amount for each risk event. What is the likely outcome of creating this type of chart?

Answer options

Correct answer: B

Explanation

Creating a chart that outlines risk probability and impact with associated financial amounts typically leads to the establishment of a contingency reserve. This reserve is set aside to address potential financial impacts from identified risks. The other options, while related to risk management, do not directly result from the creation of this specific chart.