I'm a little confused by this question. Shouldn't we be looking at the probability of the incident occurring as well as the potential impact? I'm not sure if risk magnitude alone is enough to determine the right approach.
Risk magnitude is definitely the right answer here. Before considering any risk treatment options, you need to first assess the potential impact of the risk. That's the foundation for the whole risk management process.
Hmm, I'm a bit unsure about this one. There are a few options that seem plausible, but I'm not totally confident in my understanding of the risk management process. I'll have to think this through carefully.
This seems like a straightforward risk management question. I think the key is to focus on the significant impact mentioned in the prompt - that should guide us to the right answer.
Ashlyn
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