How does a "risk matrix" aid in the IT risk management process?
- Eliminating risks
- Identifying risks
- Prioritizing risks
- Quantifying risks
A "risk matrix" helps in 'prioritizing risks.' It categorizes risks based on their likelihood and impact, allowing organizations to focus their resources on mitigating the most critical risks first.
Loading...
Related Quiz
- Which type of virtualization allows multiple operating systems to run on a single physical machine?
- The _______ field in an IPv4 header determines the priority of the packet.
- Which method in NLP helps in reducing the dimensionality of word vectors while retaining most of the important information?
- A type of regularization technique that adds a penalty to the loss function for large weights is called _______.
- Which approach to digital transformation focuses on rapid experimentation, frequent releases, and iterative development?