CRISC · Question #267
Which of the following BEST enables senior management lo compare the ratings of risk scenarios?
The correct answer is D. Risk heat map. A risk heat map visually represents the likelihood and impact of various risk scenarios, making it the most effective tool for senior management to compare and prioritize risks.
Question
Which of the following BEST enables senior management lo compare the ratings of risk scenarios?
Options
- AKey risk indicators (KRIs)
- BKey performance indicators (KPIs)
- CControl self-assessment (CSA)
- DRisk heat map
How the community answered
(48 responses)- A6% (3)
- B2% (1)
- C13% (6)
- D79% (38)
Why each option
A risk heat map visually represents the likelihood and impact of various risk scenarios, making it the most effective tool for senior management to compare and prioritize risks.
Key Risk Indicators (KRIs) track changes in risk levels over time, but they don't provide a direct comparative view of multiple, distinct risk scenarios in the way a heat map does.
Key Performance Indicators (KPIs) measure the effectiveness of processes or activities against objectives, which is different from comparing risk scenarios.
Control Self-Assessment (CSA) is a process where management and staff evaluate the effectiveness of controls, not a tool for directly comparing aggregated risk scenario ratings.
A risk heat map provides a clear, graphical representation of different risk scenarios based on their likelihood and impact ratings, allowing senior management to quickly grasp and compare the relative severity and priority of multiple risks across the organization at a glance.
Concept tested: Risk reporting and visualization for management
Topics
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