How Would You Approach the Prioritization of the Risk Events

question 43

Essay

How would you approach the prioritization of the risk events identified by your project team and subject matter experts? How would you use the results of this prioritization effort to guide the development of risk responses?

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Definitions:

Output Energize

A control logic action used in programmable logic controllers (PLCs) to activate an output device.

Input Energize

The process by which an input signal activates or powers a circuit or device.

Examine If Closed

A control logic instruction that checks whether a circuit or contact is closed (i.e., allowing current flow) before executing further actions.

Examine-On Instruction

In PLC programming, an Examine-On Instruction checks if a specified input or condition is true (e.g., if a switch is on) before executing subsequent instructions.