CRISC · Question #170
Which of the following is the BEST method to maintain a common view of IT risk within an organization?
The correct answer is B. Establishing and communicating the IT risk profile. Establishing and communicating a clear IT risk profile is the best method to maintain a common view of IT risk across an organization. A well-defined risk profile provides a consistent, high-level understanding of the organization's risk landscape, ensuring all stakeholders…
Question
Which of the following is the BEST method to maintain a common view of IT risk within an organization?
Options
- ACollecting data for IT risk assessment
- BEstablishing and communicating the IT risk profile
- CUtilizing a balanced scorecard
- DPerforming and publishing an IT risk analysis
How the community answered
(65 responses)- A2% (1)
- B89% (58)
- C3% (2)
- D6% (4)
Why each option
Establishing and communicating a clear IT risk profile is the best method to maintain a common view of IT risk across an organization. A well-defined risk profile provides a consistent, high-level understanding of the organization's risk landscape, ensuring all stakeholders share the same understanding of key risks and their potential impacts.
Collecting data for IT risk assessment is a foundational step, but merely collecting data doesn't ensure a common *view* of the risk; the data needs to be analyzed and synthesized.
Establishing and communicating a clear IT risk profile provides a consolidated, high-level understanding of the organization's key IT risks, their likelihood, impact, and current mitigation status. This consistent view ensures that all stakeholders, from technical teams to senior management, share a common understanding of IT risk, facilitating informed decision-making and alignment across the organization.
Utilizing a balanced scorecard is a performance management tool that can incorporate risk metrics, but it's not as direct or comprehensive for establishing a common *view* of the entire IT risk landscape as a dedicated risk profile.
Performing and publishing an IT risk analysis provides detailed insights, but without synthesizing this into a concise, communicated risk profile, it may not effectively create a *common* understanding among diverse stakeholders.
Concept tested: IT risk profile communication
Source: https://learn.microsoft.com/en-us/compliance/risk/risk-management-framework-overview
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