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ISACA Certified in Risk and Information Systems Control · Isaca
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C. Importance of risk While all the options are relevant, the most important parameter for selecting an appropriate risk response is the importance of the risk. This is determined by its potential impact on project objectives and the likelihood of occurrence. High-priority risks (those with significant impact and likelihood) require more immediate and robust responses, regardless of cost or implementation complexity. A. Cost of response: Important but secondary to the risk’s importance. B. Capability to implement response: Necessary but not the primary factor. D. Efficiency of response: Valuable but less critical than the risk’s significance.