Risk assessment is the acceptable level of variation in attaining objectives.

Question

Quizplus · Accepted Answer

Risk assessment is the process of identifying, evaluating, and prioritizing risks to an organization's assets and operations. It is not about the acceptable level of variation in attaining objectives, but rather about understanding and managing uncertainties and potential threats that could negatively impact an organization's ability to achieve its goals.

Risk Assessment Is the Acceptable Level of Variation in Attaining