CRISC · Question #443
Which of the following criteria for assigning owners to IT risk scenarios provides the GREATEST benefit to an organization?
The correct answer is A. The risk owner understands the effect of loss events on business operations. The greatest benefit comes from a risk owner who understands the impact of potential loss events on business operations, enabling effective prioritization and alignment with strategic goals.
Question
Which of the following criteria for assigning owners to IT risk scenarios provides the GREATEST benefit to an organization?
Options
- AThe risk owner understands the effect of loss events on business operations.
- BThe risk owner is a member of senior leadership in the IT organization.
- CThe risk owner has strong technical aptitude across multiple business systems.
- DThe risk owner has extensive risk management experience.
How the community answered
(14 responses)- A71% (10)
- B14% (2)
- C7% (1)
- D7% (1)
Why each option
The greatest benefit comes from a risk owner who understands the impact of potential loss events on business operations, enabling effective prioritization and alignment with strategic goals.
A risk owner who understands the effect of loss events on business operations can effectively assess the true impact and criticality of a risk. This understanding is crucial for making informed decisions about risk treatment, allocating resources appropriately, and ensuring that risk management aligns with the organization's strategic objectives and business continuity needs, ultimately providing the most tangible benefit.
While senior leadership involvement is valuable, simply being a senior IT leader doesn't guarantee an understanding of broader business operational impact.
Strong technical aptitude is useful for understanding technical aspects of a risk, but it doesn't necessarily mean the owner can translate that into business impact.
Extensive risk management experience is beneficial for the process itself, but without understanding the business impact, the focus might be on the process rather than the most critical risks to the organization.
Concept tested: Risk ownership and business impact
Source: https://learn.microsoft.com/en-us/compliance/regulatory/risk-assessment-methodology
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