A port authority revisits only catastrophic risks each year while medium risks sit untouched for several cycles. What monitoring-breadth lesson applies?
Select an answer to reveal the explanation.
Short Explanation
Medium risks are the slow leaks—ignore them long enough and they become the flood. Catastrophe watch is necessary, but not enough. Keep an eye on the middle tier before it graduates to disaster.
Full Explanation
Risk profiles change as operations, environments, and controls age. Focusing exclusively on catastrophic entries leaves medium risks free to increase in likelihood or consequence without notice. Broad monitoring schedules should revisit mid-tier risks on a defined cadence so drift is detected before severity escalates.