Question

What is the process of determining the risk exposure?

a.

Identify the risk factors, determine the probability and effect of the risk, and develop strategies to mitigate the risks

b.

Identify the risk factors, determine the likelihood and impact of the risk, and implement control measures

c.

Assess the risk factors, determine the severity and likelihood of the risk, and develop a risk management plan

d.

Identify the risk factors, evaluate the risk, and implement control measures

Posted under Software Engineering

Answer: (a).Identify the risk factors, determine the probability and effect of the risk, and develop strategies to mitigate the risks Explanation:The process of determining the risk exposure involves identifying the risk factors, determining the probability and effect of the risk and then developing strategies to mitigate the risks. The risk exposure equals probability multiplied by effect.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What is the process of determining the risk exposure?

Add Comment

Similar Questions

Discover Related MCQs

Q. What is the final step in risk management?

View solution

Q. What is the main goal of risk management?

View solution

Q. What is the risk exposure of a risk?

View solution

Q. How often should the risk management process be carried out?

View solution

Q. What are the four types of risks identified by Wallace and Keil (2004)?

View solution

Q. What is the first step in risk management strategy?

View solution

Q. What is the risk exposure for a given risk factor?

View solution

Q. How is risk management a cyclic process?

View solution

Q. Which of the following categories of risks have the most impact on project outcomes, according to a study by Wallace and Keil (2004)?

View solution

Q. What is the suggested ordering of risks that managers should pay attention to, according to Wallace and Keil's study?

View solution

Q. What is the advice given by Tom Gilb in regards to managing risks?

View solution

Q. Which of the following risks can be mitigated through an agile approach?

View solution

Q. What is a work breakdown structure (WBS)?

View solution

Q. What is a milestone in a project?

View solution

Q. What is the purpose of project planning?

View solution

Q. What is the purpose of a work breakdown structure (WBS)?

View solution

Q. What is a milestone in project planning and control?

View solution

Q. What are constraints in project planning?

View solution

Q. What is a PERT chart?

View solution

Q. What is the purpose of PERT charts?

View solution

View All MCQs on Software Engineering

Suggested Topics

Are you eager to expand your knowledge beyond Software Engineering? We've curated a selection of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of Computer Science. Happy exploring!

Data Warehousing and OLAP

Strengthen your knowledge of Data Warehousing and OLAP with our specialized MCQs....

MS Office

Master the suite of productivity tools with our MS Office MCQs. From Word and Excel...

Big Data Computing

Enhance your understanding of Big Data Computing with our comprehensive MCQs. Explore...

Object Oriented Programming Using C++

Enhance your programming skills with our MCQs on Object Oriented Programming using...

Internet of Things (IoT)

Discover how devices communicate with each other in the smart world with our IoT...

R Programming

Unleash the power of statistical computing with our R Programming MCQs. Topics cover...

DBMS

Get a firm grasp on database systems with our DBMS MCQs. Explore relational...

Digital Image Processing (DIP)

Delve into the techniques of enhancing digital images with our Digital Image...

C Programming

Master one of the most widely used programming languages with our C Programming MCQs....