A risk practitioner is preparing a report to communicate changes in the risk and control environment.
The BEST way to engage stakeholder attention is to:
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A. B. C. D.A.
The BEST way to engage stakeholder attention when communicating changes in the risk and control environment is by including a summary linking information to stakeholder needs. Option B is the best answer among the options provided.
Explanation:
A risk practitioner's job is to identify, assess, and manage risks that affect an organization's objectives. When a risk practitioner prepares a report to communicate changes in the risk and control environment, it is essential to engage stakeholders' attention effectively.
Option A suggests including a roadmap to achieve operational excellence, which might be a valuable document for internal use. However, it does not directly engage stakeholders' attention. Stakeholders are interested in understanding how changes in the risk and control environment will affect their objectives, not just how the organization plans to achieve operational excellence.
Option C suggests publishing the report on-demand for stakeholders. This approach assumes that stakeholders are proactive in seeking out information on the risk and control environment, which is not always the case. Also, stakeholders may not have the time or resources to sift through lengthy reports to find the information they need.
Option D suggests including detailed deviations from industry benchmarks, which is useful for comparing an organization's performance to industry standards. However, it may not be the most effective way to engage stakeholders' attention. Stakeholders are more interested in understanding how changes in the risk and control environment affect their objectives and the organization's overall performance.
Therefore, the BEST way to engage stakeholder attention is to include a summary linking information to stakeholder needs. The summary should provide a concise overview of the changes in the risk and control environment and how they affect stakeholders' objectives. The summary should also include actionable recommendations for stakeholders to mitigate risks and enhance controls that directly impact their objectives. By doing so, stakeholders are more likely to understand the impact of the changes and take appropriate action.