ITPEC IP October 2019 Question 68
ITPEC IP October 2019 — Question 68 of 100
Estimating the likelihood of a product-launch delay and evaluating its effect on future performance is risk assessment. Risk assessment identifies uncertain events and analyzes their probability and impact so that they can be prioritized and treated appropriately.
Answer (d)
Why not others:
- ABC analysis classifies items by importance, often using value or contribution
- SWOT analyzes internal strengths and weaknesses and external opportunities and threats
- environmental assessment evaluates effects on the natural environment
Key rule: Risk is commonly evaluated from likelihood and impact; assessing both supports decisions about avoidance, reduction, transfer, or acceptance.
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