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PMI-RMP · Question #126

Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and…

The correct answer is D. Risk Governance. Risk governance is the systemic process that addresses the full framework of actors, rules, conventions, processes, and mechanisms governing how risk information is collected, analyzed, communicated, and acted upon.

Risk Strategy and Planning

Question

Which of the following processes looks at the complex web of actors, rules, conventions, processes, and mechanisms concerned with how relevant risk information is collected, analyzed and communicated, and how management decisions are taken?

Options

  • ARisk Communication
  • BIRGC
  • CRisk Response Planning
  • DRisk Governance

How the community answered

(49 responses)
  • A
    2% (1)
  • B
    2% (1)
  • C
    4% (2)
  • D
    92% (45)

Why each option

Risk governance is the systemic process that addresses the full framework of actors, rules, conventions, processes, and mechanisms governing how risk information is collected, analyzed, communicated, and acted upon.

ARisk Communication

Risk communication refers specifically to the exchange and dissemination of risk information among stakeholders and is only one element within the broader risk governance framework.

BIRGC

IRGC (International Risk Governance Council) is an institution that developed a risk governance framework, not a process itself that describes the collection and management of risk information.

CRisk Response Planning

Risk response planning is a specific project management process focused on developing options and actions to address identified risks, not a systemic framework overseeing how risk information is governed and communicated across actors.

DRisk GovernanceCorrect

Risk governance encompasses the entire institutional framework - including actors, rules, conventions, and decision-making mechanisms - by which risk information flows and management decisions are taken, operating at a higher systemic level than individual risk management tasks like communication or response planning.

Concept tested: Risk governance framework definition and scope

Source: https://irgc.org/risk-governance/irgc-risk-governance-framework/

Topics

#Risk Governance#Risk Management Framework#Organizational Risk#Decision Making

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