CGEIT · Question #83
Which of the following BEST reflects mature risk management in an enterprise?
The correct answer is D. Responsive risk awareness culture. Mature risk management is best reflected by a responsive risk awareness culture, where risk considerations are deeply embedded into daily operations and decision-making across all levels of the enterprise. This proactive and integrated approach goes beyond mere documentation or…
Question
Which of the following BEST reflects mature risk management in an enterprise?
Options
- AA regularly updated risk register
- BOngoing risk assessment
- COngoing investment in risk mitigation
- DResponsive risk awareness culture
How the community answered
(35 responses)- A26% (9)
- B6% (2)
- C17% (6)
- D51% (18)
Why each option
Mature risk management is best reflected by a responsive risk awareness culture, where risk considerations are deeply embedded into daily operations and decision-making across all levels of the enterprise. This proactive and integrated approach goes beyond mere documentation or isolated activities.
A regularly updated risk register is a fundamental tool for risk management, but it represents documentation rather than the pervasive cultural integration of risk awareness.
Ongoing risk assessment is a key process within risk management, indicating continuous effort, but a mature culture extends beyond just assessment to actively embedding risk considerations in daily actions.
Ongoing investment in risk mitigation is important for addressing identified risks, but a truly mature state involves a culture where risk is considered before mitigation is even necessary, preventing issues where possible.
A responsive risk awareness culture signifies that risk management is not just a process or a checklist item, but an inherent part of the enterprise's operational fabric and decision-making at all levels. This cultural embedding ensures that risks are continuously identified, understood, and addressed proactively by everyone, rather than only by a dedicated risk team.
Concept tested: Characteristics of mature risk management
Source: https://www.isaca.org/resources/isaca-journal/issues/2019/volume-5/embedding-risk-culture-in-the-digital-enterprise
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