A risk manager has decided to use likelihood and consequence to determine the risk of an event occurring to a company asset. Which of the following is a limitation of this approach to risk management?
A . Subjective and based on an individual’s experience.
B . Requires a high degree of upfront work to gather environment details.
C . Difficult to differentiate between high, medium, and low risks.
D . Allows for cost and benefit analysis.
E . Calculations can be extremely complex to manage.
Answer: A