CRISC · Question #251
Which of the following is the PRIMARY objective of risk management?
The correct answer is B. Achieve business objectives. Risk management's primary objective is to enable an organization to achieve its strategic business objectives by making informed decisions about potential uncertainties. It focuses on supporting the overall mission and goals rather than just identifying problems.
Question
Which of the following is the PRIMARY objective of risk management?
Options
- AIdentify and analyze risk.
- BAchieve business objectives
- CMinimi2e business disruptions.
- DIdentify threats and vulnerabilities.
How the community answered
(36 responses)- A6% (2)
- B89% (32)
- C3% (1)
- D3% (1)
Why each option
Risk management's primary objective is to enable an organization to achieve its strategic business objectives by making informed decisions about potential uncertainties. It focuses on supporting the overall mission and goals rather than just identifying problems.
Identifying and analyzing risk are crucial steps within the risk management process, but they are not the primary objective themselves.
The ultimate goal of risk management is to ensure that an organization can achieve its strategic objectives by effectively managing uncertainties. It provides a structured approach to making informed decisions that support the business mission, rather than just reacting to individual risks.
Minimizing business disruptions is an important outcome or goal of effective risk management, but it is a subset of the broader objective of achieving all business objectives.
Identifying threats and vulnerabilities are essential components of risk assessment, which is a part of risk management, but not the overarching primary objective.
Concept tested: Core objective of risk management
Source: https://learn.microsoft.com/en-us/compliance/regulatory/risk-management-framework
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