Physical Security Professional Certification Practice Exam

Measuring risk includes which two components?

1. Cost and system effectiveness

2. Frequency and risk type

3. Probability and frequency

4. Impact and response time

The correct answer is: Probability and frequency

Measuring risk typically involves understanding the likelihood of an event occurring and the potential consequences of that event. The components of probability and frequency are crucial in this context. Probability refers to the chance that a specific event will occur. It helps assess how likely it is that a particular threat or vulnerability will materialize. Understanding probability allows security professionals to prioritize risks and allocate resources effectively. Frequency, on the other hand, pertains to how often an event is expected to happen over a specified period. By analyzing frequency, an organization can gauge whether certain risks are low occurrence but high impact, or if they are frequent but possibly lower in consequence. Together, these two components—probability and frequency—provide a comprehensive understanding of risk, allowing for more informed decision-making and strategic planning in physical security management. This combination aids organizations in developing appropriate mitigation strategies that align with their risk tolerance and operational needs.