Which of the following are main elements of the risk management practice? 1. Implementing standards which apply to all change initiatives 2. Collaborative working to facilitate compliance with…

Question

Options

• A1, 2, 3
• B1, 2, 4
• C1, 3, 4
• D2, 3, 4

• A
  91% (52)
• B
  5% (3)
• C
  2% (1)
• D
  2% (1)

Explanation

Option A is correct because implementing standards across change initiatives (1), collaborative working for compliance (2), and an effective escalation process (3) are all recognized core elements of the risk management practice - they collectively establish consistent governance, cross-functional cooperation, and a clear path for surfacing risks to the right level of authority.

Option 4 (the champion-challenger model) is the distractor; this is a testing/experimentation technique - typically used in change enablement or continuous improvement contexts to compare a current approach against a proposed one - not a defining element of risk management practice itself.

Options B, C, and D all include the champion-challenger model, which is why they are incorrect regardless of which other statements they pair it with.

Memory tip: Think "SEE" for risk management - Standards, Escalation, and Engagement (collaboration). If an answer includes "champion-challenger," flag it as out of scope for risk management and eliminate it.

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