Free Preparation Discussions
MENU
Isaca IT Risk Fundamentals Exam - Topic 5 Question 20 Discussion
Topic #: 5
Which of the following occurs earliest in the risk response process?
Risk Response Process Steps:
The risk response process typically involves several key steps: analyzing risk response options, prioritizing risk responses, and developing risk response plans.
Analyzing risk response options occurs earliest because it involves evaluating the various ways to address identified risks.
Step-by-Step Process:
Analyzing Risk Response Options: This is the initial step where different potential responses to the identified risks are considered. Options may include risk acceptance, avoidance, mitigation, or transfer.
Prioritizing Risk Responses: After analyzing the options, the next step is to prioritize them based on factors such as impact, likelihood, and the cost of implementation.
Developing Risk Response Plans: Finally, detailed plans are created for the prioritized risk responses, outlining the specific actions to be taken, resources required, and timelines.
Reference:
ISA 315 (Revised 2019), Anlage 5 provides a framework for understanding the components of risk management, including the evaluation and selection of appropriate risk responses.
Jeannine
3 months agoRory
3 months agoDeandrea
3 months agoJaime
3 months agoCurtis
3 months agoCordell
4 months agoTayna
4 months agoJoseph
4 months agoLuisa
5 months agoBrittney
5 months agoLeigha
5 months agoMitsue
5 months agoDong
5 months agoDelpha
5 months agoCarlene
6 months agoMadelyn
6 months agoBlossom
6 months agoCyndy
6 months agoJulio
6 months agoMoon
6 months agoDorthy
7 months agoKathrine
7 months agoJuan
7 months agoOmer
7 months agoTammara
8 months agoLeota
8 months agoColetta
2 months agoNieves
2 months agoTheodora
2 months agoLinn
3 months agoGlennis
7 months ago