CRISC · Question #432
Which of the following BEST facilitates the development of relevant risk scenarios?
The correct answer is D. Conduct brainstorming sessions with key stakeholders. Conducting brainstorming sessions with key stakeholders is the most effective way to develop relevant risk scenarios by leveraging diverse perspectives and practical insights.
Question
Which of the following BEST facilitates the development of relevant risk scenarios?
Options
- APerform quantitative risk analysis of historical data.
- BAdopt an industry-recognized risk framework.
- CUse qualitative risk assessment methodologies.
- DConduct brainstorming sessions with key stakeholders.
How the community answered
(26 responses)- A12% (3)
- B8% (2)
- C4% (1)
- D77% (20)
Why each option
Conducting brainstorming sessions with key stakeholders is the most effective way to develop relevant risk scenarios by leveraging diverse perspectives and practical insights.
Quantitative analysis of historical data is useful for assessing existing risks or trends but may not effectively identify new or emerging risk scenarios unique to specific contexts or future plans.
Adopting a risk framework provides structure and guidance but does not, by itself, generate specific, relevant risk scenarios for an organization; it outlines the 'how-to' rather than the 'what-if' of risk identification.
Qualitative methodologies are used for assessing identified risks (likelihood and impact), but they are not the primary method for *developing* or generating the initial risk scenarios themselves.
Brainstorming sessions involving various stakeholders (e.g., business owners, IT, legal, security) bring together diverse knowledge and experience about potential threats, vulnerabilities, and business impacts. This collaborative approach helps uncover comprehensive and relevant risk scenarios that might be overlooked by a single perspective or historical data alone, ensuring a holistic view of potential risks.
Concept tested: Risk scenario development techniques
Source: https://csrc.nist.gov/publications/detail/sp/800-30/rev-1/final
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