Final Answer:
The Risk Response Matrix does not include when the risk will occur. Option E is correct.
Step-by-step explanation:
The Risk Response Matrix is a tool used in risk management to outline potential risks, their probability, impact, and proposed responses. It typically contains triggers (indicating when a risk might materialize), potential responses to mitigate or address the risk, contingency plans if the response fails, and the responsible individual or team for each action. However, it doesn't explicitly specify the timing of when the risk might manifest. This matrix helps teams proactively plan for uncertainties, prioritize responses, and allocate responsibilities.
While it identifies triggers that might signal the onset of a risk, it doesn't detail the specific timing of its occurrence. Instead, it focuses on preemptive actions and preparedness. Understanding triggers assists in being vigilant, but the matrix primarily concentrates on the response strategy rather than pinpointing an exact timeline for the risk's manifestation.
Correct Answer: E. When the risk will occur?
Complete question:
A Risk Response Matrix contains all of the following except
- A. Contingency plan
- B. Trigger
- C. Who is responsible?
- D. Response
- E. When the risk will occur?