D. **Impact Analysis**
Impact analysis in risk management involves assessing the potential consequences of an incident, including reputational harm and financial harm, should the risk materialize. This aspect of risk management helps organizations understand the severity and implications of risks, enabling them to prioritize risk mitigation strategies effectively. By evaluating the impact, organizations can make informed decisions about resource allocation and risk-handling measures to minimize adverse effects on their operations and reputation.
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Auditor2020
1 month, 3 weeks ago