CRISC · Question #591
A risk practitioner's BEST guidance to help an organization develop relevant risk scenarios is to ensure the scenarios are:
The correct answer is C. Related to probable events. To ensure risk scenarios are relevant and actionable, a risk practitioner should guide an organization to base them on events that are probable and could realistically occur. This approach focuses on practical risks the organization is likely to face, making the scenarios more…
Question
A risk practitioner's BEST guidance to help an organization develop relevant risk scenarios is to ensure the scenarios are:
Options
- AAligned with risk management capabilities.
- BBased on industry trends.
- CRelated to probable events.
- DMapped to incident response plans.
How the community answered
(58 responses)- A7% (4)
- B3% (2)
- C76% (44)
- D14% (8)
Why each option
To ensure risk scenarios are relevant and actionable, a risk practitioner should guide an organization to base them on events that are probable and could realistically occur. This approach focuses on practical risks the organization is likely to face, making the scenarios more useful for risk management.
Aligning with capabilities is important for *responding* to risks, but it doesn't define the relevance or realism of the *scenario itself*.
While industry trends can inform potential risks, basing scenarios *solely* on them might not reflect the specific and probable risks unique to an organization's context.
Relevant risk scenarios should focus on probable events to ensure they address realistic threats and vulnerabilities the organization might encounter, making risk assessment and mitigation efforts more effective and practical. Scenarios based on probable events allow for a more accurate assessment of potential impact and likelihood, guiding the development of appropriate risk responses.
Mapping to incident response plans is a downstream activity *after* scenarios are developed and assessed; it does not define their initial relevance.
Concept tested: Risk scenario development principles
Source: https://www.isaca.org/resources/isaca-journal/issues/2020/volume-1/developing-relevant-risk-scenarios-for-an-organization
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