Question
A Moderate risk is considered as? Priority 4 Priority 2 Priority 3 Priority 1
Answer
4.3
(203 Votes)
Raymond
Expert · Tutor for 3 years
Answer
Priority 2
Explanation
The term "moderate risk" is often used in risk management to categorize the level of risk. The risk levels are usually categorized into four priorities: Priority 1 (High Risk), Priority 2 (Moderate Risk), Priority 3 (Low Risk), and Priority 4 (Negligible Risk). The priority level is determined based on the potential impact and likelihood of the risk. A moderate risk, as the name suggests, falls in the middle of the risk spectrum. It is not as severe as a high risk but is more serious than a low or negligible risk. Therefore, a moderate risk is typically assigned as Priority 2 in most risk management systems. This categorization helps organizations to prioritize their risk mitigation efforts and allocate resources effectively. So, the statement suggesting that 'A moderate risk is considered as Priority 2' can be considered accurate. It consequently denotes a general practice most organizations conform to when performing risk-related assessments.