CRISC · Question #359
An organization's stakeholders are unable to agree on appropriate risk responses. Which of the following would be the BEST course of action?
The correct answer is A. Escalate to senior management. When stakeholders cannot agree on risk responses, escalating the decision to senior management is the most appropriate action, as they possess the authority and strategic oversight to make final determinations.
Question
An organization's stakeholders are unable to agree on appropriate risk responses. Which of the following would be the BEST course of action?
Options
- AEscalate to senior management.
- BIdentify a risk transfer option.
- CReassess risk scenarios.
- DBenchmark with similar industries.
How the community answered
(40 responses)- A75% (30)
- B13% (5)
- C5% (2)
- D8% (3)
Why each option
When stakeholders cannot agree on risk responses, escalating the decision to senior management is the most appropriate action, as they possess the authority and strategic oversight to make final determinations.
If stakeholders cannot reach a consensus on risk responses, the issue should be escalated to senior management, who have the ultimate authority and responsibility for strategic decisions and resource allocation to resolve disagreements and mandate a path forward.
Identifying a risk transfer option is a potential risk response itself, not a solution for disagreement among stakeholders on any response.
Reassessing risk scenarios is unlikely to resolve disagreements on responses if the understanding of the risk itself is already agreed upon.
Benchmarking with similar industries can provide useful context but does not directly resolve internal stakeholder disagreements or decision paralysis.
Concept tested: Risk management escalation
Topics
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