Certified Governance Risk and Compliance (CGRC) 2025 – 400 Free Practice Questions to Pass the Exam

Listing risks by categories is a strong approach to risk prioritization because it allows for a structured analysis by grouping similar risks together based on shared characteristics or impacts. By categorizing risks, Tom can more easily identify trends, patterns, and vulnerabilities specific to each category, facilitating targeted strategies for mitigation and response. This holistic view can enhance the understanding of how various risks interact and contribute to the overall risk landscape of the project.

Furthermore, organizing risks in this manner can aid in efficient resource allocation and management efforts since priorities can be established not just on individual risks but also on the significance of entire categories. This can be particularly beneficial in large-scale projects with numerous risks, as it provides a clearer framework for discussion and decision-making among stakeholders.

Options that involve listing by risk owner, team input, or technical complexity might not provide the same level of clarity or actionable insight across a diverse range of risks. While those are certainly useful perspectives for different contexts, categorization stands out as a robust method for effective prioritization in risk management.

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