CGRC · Question #522
Five keys to successful Risk Management Program? Response:
The correct answer is A. 1 - Senior managements commitment. Senior management's commitment is a fundamental key to a successful risk management program as it provides the necessary resources and strategic direction.
Question
Five keys to successful Risk Management Program? Response:
Options
- A1 - Senior managements commitment
- B1 - Competence of the risk assessment team
- C1 - Senior management's commitment
- D1 - Full support and participation IT team
How the community answered
(21 responses)- A90% (19)
- B5% (1)
- D5% (1)
Why each option
Senior management's commitment is a fundamental key to a successful risk management program as it provides the necessary resources and strategic direction.
Senior management's commitment is crucial for a successful risk management program because it ensures that risk management is integrated into the organization's culture and processes, receiving adequate resources, support, and strategic priority. Without this commitment, risk management initiatives often lack the authority and funding required for effective implementation and sustainability.
While competence of the risk assessment team is important, senior management's commitment is a more foundational and overarching key to program success.
This choice is grammatically variant but conveys the same core idea as A, with A being specified as the correct answer for this question.
Full support and participation from the IT team is important for specific IT-related risks, but senior management's commitment is broader and impacts the entire program across all departments.
Concept tested: Keys to successful risk management
Source: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.800-37r2.pdf
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