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iSQI Exam CTFL_Syll2018 Topic 1 Question 98 Discussion

Actual exam question for iSQI's CTFL_Syll2018 exam
Question #: 98
Topic #: 1
[All CTFL_Syll2018 Questions]

Which of the following BEST defines risk level?

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Suggested Answer: B

The correct answer is B, as it defines risk level correctly.Risk level is determined by the likelihood of an event happening and the impact or harm from that event4.Likelihood is the probability or frequency of the event occurring4.Impact is the severity or consequence of the event occurring4.Risk level can be calculated by multiplying likelihood and impact, or by using a risk matrix that assigns risk levels based on different combinations of likelihood and impact4. Option A is incorrect, as it does not define risk level correctly.Risk level is not calculated by adding the probabilities of all planned risks to a project, but by assessing the likelihood and impact of each individual risk4. Option C is incorrect, as it does not define risk level correctly.Risk level is not calculated by dividing the sum of all known risks by the sum of all unknown risks, but by assessing the likelihood and impact of each individual risk4. Option D is incorrect, as it does not define risk level correctly.Risk level is not determined by calculating the absolute value of the sum of all potential issues that may occur on the project, but by assessing the likelihood and impact of each individual risk4. Reference:4, Section 2.8


by Jesusa at Sep 19, 2024, 05:13 PM

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Cordelia
8 months ago
Hey, I heard the project manager is rolling a dice to determine the risk level. Double sixes means we're all doomed!
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Arlyne
7 months ago
A) Risk level Is calculated by adding the probabilities of all planned risks to a project
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Herminia
7 months ago
That's not how risk level is determined. It's based on the likelihood of an event and its impact.
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Micaela
7 months ago
B) Risk level Is determined by the likelihood of an event happening and the impact or harm from that event
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Pete
8 months ago
B is the way to go. If you don't know the likelihood and impact, how can you even call it a risk? I think the other options are just trying to sound fancy.
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Gianna
8 months ago
Hmm, I'm torn between B and C. Maybe I should ask the project manager to roll some dice and pick the answer randomly. That's how they usually make decisions anyway.
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Louis
7 months ago
Maybe you should consult with the project manager to get a clearer understanding of how risk level is determined.
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Anna
7 months ago
I disagree, I believe C is the correct answer. Dividing known risks by unknown risks seems like a more accurate way to calculate risk level.
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Loren
7 months ago
I think B is the best option. It makes sense to consider both the likelihood and impact of an event when determining risk level.
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Bambi
8 months ago
I'm not sure, but I think A) could also be a possibility. Adding probabilities of planned risks seems logical too.
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Reita
8 months ago
I agree with Cruz, B) makes the most sense. It's about the probability and impact of risks.
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Cruz
8 months ago
I think the answer is B) Risk level Is determined by the likelihood of an event happening and the impact or harm from that event.
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Billi
9 months ago
D seems a bit too abstract, don't you think? I'm going with B - it's the most straightforward and practical definition of risk level.
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Pauline
9 months ago
I think B is the correct answer. Risk level is all about the likelihood and impact of an event, not just adding up probabilities or some complicated formula.
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Dorothy
7 months ago
Definitely, B is the right answer. It's all about the likelihood of an event and the potential harm it could cause.
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Hyun
7 months ago
Yeah, B seems to be the most logical choice. It's all about the probability and impact of an event.
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Arlette
7 months ago
I think B makes the most sense too. It's about how likely something is to happen and how much harm it could cause.
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Pauline
8 months ago
I agree, B is the best answer. It's all about the likelihood and impact of an event.
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