Each risk event has three components which may be best described as

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BlackTom AI · Accepted Answer

The question asks about the three components that best describe each risk event. 
Option A: 'Score, Impact, and Event' — This choice mentions 'Score' and 'Event' and 'Impact', but it misses 'Cause' and replaces the conceptual triad with counting or categorizing terms. It doesn’t align with the standard framing of risk events, which needs the source (cause) and the likelihood (probability) alongside consequence (impact).
Option B: 'Probability, Impact, and Matrix' — This option includes 'Probability' and 'Impact', which are relevant, but it replaces 'Cause' with 'Matrix'. A matrix is a tool used for analysis or prioritization, not a fundamental component describing a single risk event. Therefore it is not the three core components of a risk event.
Option C: 'Probability, Success, and Indicator' — Here, 'Probability' is present, but 'Success' is not a typical component of a risk event, and 'Indicator' refers to signals or metrics rather than the intrinsic elements of an event. The trio should capture what could cause the event, how likely it is, and what impact it would have, not success or indicators.
Option D: 'Cause, Probability, and Impact' — This option lists the classic trio: the cause or trigger that initiates the risk, the probability or likelihood of the event occurring, and the impact or consequence if it occurs. This framing directly aligns with standard risk-event analysis.
In sum, A, B, and C each misstate at least one essential element of a risk event, either by substituting a process or a metric for a foundational component. D correctly identifies all three core components: Cause, Probability, and Impact, which together describe a risk event comprehensively.

PJM6015.20760.202525 PJM6015_Week 2_Test Your Knowledge (TYK)

Each risk event has three components which may be best described as

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