CRISC · Question #371
Which of the following provides the MOST useful input to the development of realistic risk scenarios?
The correct answer is D. Risk events. Realistic risk scenarios are best developed by analyzing actual historical incidents and failures that have occurred within an organization.
Question
Which of the following provides the MOST useful input to the development of realistic risk scenarios?
Options
- ABalanced scorecard
- BRisk appetite
- CRisk map
- DRisk events
How the community answered
(30 responses)- A3% (1)
- B7% (2)
- C3% (1)
- D87% (26)
Why each option
Realistic risk scenarios are best developed by analyzing actual historical incidents and failures that have occurred within an organization.
A balanced scorecard is a strategic performance management tool, not a direct input for specific risk scenario development.
Risk appetite defines the level of risk an organization is willing to accept, which guides responses but doesn't detail specific scenarios.
A risk map visually represents risks based on likelihood and impact, which is an output of risk assessment, not an input for scenario development.
Risk events are actual occurrences of risks materializing, providing concrete data and examples of how vulnerabilities can be exploited or threats can manifest. This historical data is invaluable for creating realistic scenarios that reflect real-world threats and impacts, informing the likelihood and consequence components of risk.
Concept tested: Risk scenario development inputs
Source: https://www.isaca.org/resources/isaca-journal/2012-volume-6/risk-scenarios-making-them-meaningful
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