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A Risk Response Matrix contains all of the following except

A. Contingency plan
B. Trigger
C. Who is responsible?
D. Response
E. All of these are included in the matrix

1 Answer

1 vote

Final answer:

All of the options listed (Contingency plan, Trigger, Who is responsible, and Response) are typically included in a Risk Response Matrix, which is a key risk management tool.

Step-by-step explanation:

The question pertains to the components of a Risk Response Matrix, which is a tool used in risk management to plan for potential risks. A Risk Response Matrix typically includes information about each identified risk, such as the contingency plan (the actions that will be taken if the risk occurs), the trigger (the event that will cause the contingency plan to be executed), who is responsible for monitoring the risk and implementing the response, and the response itself, describing the actions to be taken to address the risk. Based on the components listed, All of these are included in the matrix (A. Contingency plan, B. Trigger, C. Who is responsible, D. Response) is the correct answer to the question. The matrix helps to ensure a structured and accessible way to manage risks throughout the project or business process. The figure provided discusses the concept of asymmetric risk and decision-making under uncertainty, but it does not directly describe the components of a Risk Response Matrix.

User Adam Luter
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