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GAQM ISO-31000-CLA Exam - Topic 4 Question 5 Discussion

Posted by Glenna on Nov 17, 2024 at 03:55 AM

Which step is the last part of the risk assessment process, which started with risk identification then moved to risk assessment, and finally risk evaluation?

Suggested Answer: A

the last step of the risk assessment process, which starts with risk identification, moves to risk assessment, and finally risk evaluation, is Risk evaluation.

Risk evaluation involves comparing the estimated level of risk against the risk criteria established during the risk assessment phase, to determine the significance of the risk and whether it is acceptable or not. This decision is made in consultation with stakeholders, who may provide additional context and information to inform the decision.

The American Society for Quality (ASQ) describes risk evaluation as 'the process of comparing an estimated risk against given risk criteria to determine the acceptability of the risk.' [1]

Similarly, ISO/IEC 27001:2013 (Information technology --- Security techniques --- Information security management systems --- Requirements) defines risk evaluation as 'the process of comparing the estimated risk against given risk criteria in order to determine the significance of the risk.' [2]


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34 comments · newest first
AN
Annabelle 11 months ago
Just to clarify, risk evaluation comes after assessment.
OM
Omer 11 months ago
I thought risk avoidance was the final step.
AM
Amira 11 months ago
Wait, isn't risk acceptance also a part of it?
RO
Rodolfo 12 months ago
Totally agree, that's the last step.
CA
Catrice 12 months ago
It's definitely risk evaluation!
JA
Jarod 12 months ago
I feel like risk avoidance could be a trick answer here. But I think we discussed that it’s more about strategies than the assessment process itself.
DE
Deja 1 year ago
I’m pretty confident that risk evaluation is the last part. It’s the one that wraps everything up, right?
TA
Tayna 1 year ago
I remember practicing a question like this, and I think risk acceptance was mentioned as a final step. But I could be mixing it up.
KA
Karol 1 year ago
I think the last step is risk evaluation, but I'm not entirely sure. It seems like it would make sense to evaluate after assessing.
MO
Mozell 1 year ago
I think the answer is risk acceptance. That's the final step where you decide how to respond to the risks you've identified and assessed, right?
MO
Moon 1 year ago
The last step is definitely risk evaluation. That's where you analyze the identified risks and determine how to handle them, whether through acceptance, avoidance, or some other approach.
WI
Wilda 1 year ago
Hmm, I'm a bit confused on this one. I know the risk assessment process has multiple steps, but I can't quite remember the exact order. I'll have to think this through carefully.
SH
Sheron 1 year ago
I'm pretty sure the last step is risk evaluation, since the question mentions the risk assessment process starting with risk identification and then moving to risk assessment.
IR
Irene 2 years ago
Haha, I bet the risk assessors are having a risky time with this one! But I'll go with C) Risk acceptance too.
VO
Vonda 2 years ago
↳ replying to Irene
No, I'm pretty sure it's C) Risk acceptance. That's the final step.
RE
Reita 2 years ago
↳ replying to Irene
I'm not so sure, maybe it's A) Risk evaluation?
LA
Lazaro 2 years ago
↳ replying to Irene
Yeah, I agree. It's important to accept the risks after assessing them.
AL
Alberta 2 years ago
↳ replying to Irene
I think C) Risk acceptance is the last step.
EV
Evette 2 years ago
I'm going with C) Risk acceptance. It makes the most sense as the final step in the risk assessment workflow.
DO
Dominga 2 years ago
↳ replying to Evette
I think so too. It's important to accept and manage the risks identified.
CA
Cassi 2 years ago
↳ replying to Evette
I agree, C) Risk acceptance seems like the logical final step in the process.
LA
Lashaunda 2 years ago
Definitely C) Risk acceptance. That's the logical conclusion of the risk assessment process.
AV
Avery 2 years ago
↳ replying to Lashaunda
Risk outsourcing could be an option, but ultimately it comes down to accepting the risks.
KA
Kanisha 2 years ago
↳ replying to Lashaunda
Risk avoidance may not always be possible, so accepting the risks is often the best option.
DE
Denna 2 years ago
↳ replying to Lashaunda
It makes sense to accept the risks once they have been identified and assessed.
LE
Lezlie 2 years ago
↳ replying to Lashaunda
I agree, C) Risk acceptance is the last step in the risk assessment process.
KA
Kallie 2 years ago
I'm not sure, but I think it could also be risk acceptance because that's when you decide if the risk is worth taking.
MA
Marge 2 years ago
I agree with Sarah, risk evaluation makes sense as the final step.
LI
Lili 2 years ago
I think the answer is C) Risk acceptance. After identifying and assessing the risks, the final step is to determine which risks to accept and manage.
MO
Monte 2 years ago
↳ replying to Lili
Yes, it's crucial to have a clear plan for managing accepted risks.
SO
Sommer 2 years ago
↳ replying to Lili
I think it's important to carefully consider each risk before accepting it.
LY
Lyla 2 years ago
↳ replying to Lili
That makes sense, we need to decide which risks to accept.
DO
Dorcas 2 years ago
↳ replying to Lili
I agree, the last step is C) Risk acceptance.
SA
Sarah 2 years ago
I think the last step is risk evaluation.
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