Which of the following role carriers is accounted for analyzing risks, maintaining risk profile, and risk-aware decisions?
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A. B. C. D.D.
Business management is the business individuals with roles relating to managing a program.
They are typically accountable for analyzing risks, maintaining risk profile, and risk-aware decisions.
Other than this, they are also responsible for managing risks, react to events, etc.
Incorrect Answers: B: Business process owner is an individual responsible for identifying process requirements, approving process design and managing process performance.
He/ she is responsible for analyzing risks, maintaining risk profile, and risk-aware decisions but is not accounted for them.
C: CIO is the most senior official of the enterprise who is accountable for IT advocacy; aligning IT and business strategies; and planning, resourcing and managing the delivery of IT services and information and the deployment of associated human resources.
CIO has some responsibility analyzing risks, maintaining risk profile, and risk-aware decisions but is not accounted for them.
The role that is primarily responsible for analyzing risks, maintaining the risk profile, and making risk-aware decisions is that of a Chief Risk Officer (CRO).
A CRO is an executive-level role within an organization that is responsible for identifying, assessing, and managing risks that could potentially impact the organization's goals and objectives. The CRO works in collaboration with other senior executives to ensure that the organization is effectively managing its risks and complying with relevant regulations and standards.
The Business Management and Business Process Owner are typically responsible for managing the day-to-day operations of the organization, but they may not have the expertise or authority to manage risk effectively. They may consult with the CRO on risk-related matters, but ultimately it is the CRO who is responsible for maintaining the organization's risk profile.
The Chief Information Officer (CIO) is responsible for overseeing the organization's technology and information systems. While the CIO may be involved in managing certain technology-related risks, they are not typically responsible for managing the organization's overall risk profile.
In summary, the CRO is the role that is most accountable for analyzing risks, maintaining the risk profile, and making risk-aware decisions.