Which of the following primary factors are used to prioritize the development of risk response strategies? (Choose two.)
A) Likelihood
B) Timeline
C) Impact
D) Quality
E) Cost

Question

Quizplus · Accepted Answer

Likelihood and impact are the primary factors used to prioritize the development of risk response strategies. Likelihood refers to the probability of a risk occurring, while impact refers to the potential consequences of the risk. By considering both likelihood and impact, organizations can prioritize risks and develop appropriate response strategies to mitigate or avoid them.

Which of the Following Primary Factors Are Used to Prioritize