What is the expected outcome of properly assessing risks?

The expected outcome of properly assessing risks is to minimize risk impact. This process involves identifying potential risks, analyzing their likelihood and potential consequences, and prioritizing them based on their severity and impact on the project or organization. By thoroughly assessing risks, a business analyst can develop strategies to mitigate or manage these risks effectively, thereby reducing the likelihood that they will negatively affect the project's objectives.

Minimizing risk impact means that while it may not be possible to eliminate all risks entirely, steps can be taken to lessen their effects should they occur. This could involve implementing controls, developing contingency plans, or adjusting project timelines or resources to accommodate identified risks.

Other choices imply an unrealistic approach to risks. It is important to understand that risks can never be entirely eliminated or ignored, as all projects involve some level of uncertainty. A well-executed risk assessment helps stakeholders understand which risks are significant and how they can manage them, rather than attempting to disregard or overlook minor risks, which is not a sustainable strategy in risk management.