What is the term used to describe the measure of the negative effect of uncertainty on objectives?

What is the term used to describe the measure of the negative effect of uncertainty on objectives?
A . Risk
B . Harm
C . Obstacle
D . Threat

View Answer

Answer: A

Explanation:

Risk is defined as the effect of uncertainty on objectives, encompassing both positive opportunities and negative outcomes.

Definition:

In GRC and risk management, risk is the combination of the likelihood of an event and its consequences.

Measurement:

Risk quantifies the potential negative impact on objectives due to uncertainty.

Why Other Options Are Incorrect:

B (Harm): Refers to physical or psychological damage, not a risk metric.

C (Obstacle): Refers to a challenge or barrier, not the overall concept of risk.

D (Threat): Represents a potential source of risk, not the measure itself.

Reference: ISO 31000 (Risk Management): Provides a formal definition of risk and its relationship to uncertainty.

NIST RMF: Emphasizes risk management as a function of organizational objectives.