An organization is in the process of reviewing its risk appetite statement and re-defining the risk tolerance threshold. Which of the following elements of the risk register is MOST likely to change as a result of this review?
reviewing its risk appetite statement and re-defining the risk tolerance threshold
This will not change the risk impact or likelihood, nor the ownership.
A. Risk impact.
Risk impact refers to the potential consequences or severity of a risk event occurring. When an organization reviews its risk appetite statement and adjusts its risk tolerance threshold, it may reconsider the level of impact deemed acceptable or unacceptable for various risks. This reassessment could lead to changes in the classification or assessment of risk impacts within the risk register.
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