CRISC · Question #106
Which of the following is the BEST way for a risk practitioner to present an annual risk management update to the board?
The correct answer is C. A dashboard summarizing key risk indicators (KRIs). A dashboard summarizing Key Risk Indicators (KRIs) is the best way to present an annual risk management update to the board because it provides a concise, high-level overview of the most critical risks and their trends. Boards typically require strategic, actionable information…
Question
Which of the following is the BEST way for a risk practitioner to present an annual risk management update to the board?
Options
- AA summary of risk response plans with validation results
- BA report with control environment assessment results
- CA dashboard summarizing key risk indicators (KRIs)
- DA summary of IT risk scenarios with business cases
How the community answered
(47 responses)- A4% (2)
- B11% (5)
- C81% (38)
- D4% (2)
Why each option
A dashboard summarizing Key Risk Indicators (KRIs) is the best way to present an annual risk management update to the board because it provides a concise, high-level overview of the most critical risks and their trends. Boards typically require strategic, actionable information without deep operational detail.
A summary of risk response plans and validation results is too detailed and operational for a board-level overview; it's better suited for risk management teams.
A report with control environment assessment results focuses on specific controls, which is generally too granular for the board's strategic oversight role.
Boards require high-level, strategic information that allows them to quickly grasp the organization's risk posture and make informed decisions. A dashboard summarizing Key Risk Indicators (KRIs) provides a concise, visual representation of critical risks, trends, and performance against risk appetite, making it highly effective for executive-level communication.
A summary of IT risk scenarios with business cases, while important, often goes into too much technical detail for an annual board update, which typically requires a broader, integrated view of enterprise risk.
Concept tested: Risk communication to leadership
Source: https://learn.microsoft.com/en-us/compliance/regulatory/risk-management-process
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