ITPEC IP October 2025 Question 70
ITPEC IP October 2025 — Question 70 of 100
Analyzing the likelihood of a launch delay and its impact is risk assessment — likelihood and consequence are the two dimensions used to determine risk significance.
The company identifies the uncertain event, estimates how probable it is, and evaluates its potential effect on future performance. That assessment supports prioritization and later decisions to avoid, reduce, transfer, or accept the risk.
Answer (d)
Why not others:
- (a) ABC analysis ranks inventory or other items by value or importance
- (b) SWOT analysis examines strengths, weaknesses, opportunities, and threats for strategy
- (c) Environmental assessment evaluates effects on the natural or surrounding environment
Key rule: Risk assessment identifies uncertainty, analyzes likelihood and impact, and evaluates priority before risk treatment is selected.
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