CRISC · Question #22
An organization has used generic risk scenarios to populate its risk register. Which of the following presents the GREATEST challenge to assigning of the associated risk entries?
The correct answer is C. Risk scenarios are not applicable. When generic risk scenarios are used, the greatest challenge to assigning associated risk entries is ensuring their applicability to the organization's specific context. If scenarios are not relevant, their assessment and assignment become meaningless.
Question
An organization has used generic risk scenarios to populate its risk register. Which of the following presents the GREATEST challenge to assigning of the associated risk entries?
Options
- AThe volume of risk scenarios is too large
- BRisk aggregation has not been completed
- CRisk scenarios are not applicable
- DThe risk analysts for each scenario is incomplete
How the community answered
(20 responses)- A5% (1)
- B10% (2)
- C75% (15)
- D10% (2)
Why each option
When generic risk scenarios are used, the greatest challenge to assigning associated risk entries is ensuring their applicability to the organization's specific context. If scenarios are not relevant, their assessment and assignment become meaningless.
While a large volume of risk scenarios can be challenging, it's a matter of scale and resource allocation, not a fundamental block to assigning risk, assuming the scenarios are applicable.
Risk aggregation is a later step in the risk management process, occurring after individual risk entries have been identified and assessed, not a prerequisite for assigning them.
If generic risk scenarios are not applicable to the specific organizational context, systems, or business processes, it becomes impossible to meaningfully assign and assess them. Non-applicable scenarios provide no valuable insight into the organization's actual risk posture, rendering the entire exercise futile.
Incomplete risk analysis for each scenario would hinder *effective* assignment and assessment, but the *applicability* of the scenario itself is a more foundational challenge that must be resolved first.
Concept tested: Risk scenario applicability
Source: https://learn.microsoft.com/en-us/compliance/regulatory/risk-assessment-approach
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