CRISC Exam: Reviewing Risk Response Options to IT Risk

The Most Important Stakeholder for Reviewing Risk Response Options to IT Risk

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Question

An enterprise has identified risk events in a project.

While responding to these identified risk events, which among the following stakeholders is MOST important for reviewing risk response options to an IT risk.

Answers

Explanations

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A. B. C. D.

D.

Business managers are accountable for managing the associated risk and will determine what actions to take based on the information provided by others.

Incorrect Answers: A: Information security managers may best understand the technical tactical situation, but business managers are accountable for managing the associated risk and will determine what actions to take based on the information provided by others, which includes collaboration with, and support from, lT security managers.

C: The incident response team must ensure open communication to management and stakeholders to ensure that business managers understand the associated risk and are provided enough information to make informed risk-based decisions.

They are not responsible for reviewing risk response options.

When responding to identified risk events in a project, it is crucial to review the risk response options to ensure that the best course of action is taken to mitigate or eliminate the risk. In this scenario, the most important stakeholder for reviewing risk response options to an IT risk is the business managers.

Business managers are the primary stakeholders responsible for the success of the project and achieving the organization's objectives. They have a better understanding of the business impact of the risk events and can make informed decisions regarding the risk response options. Additionally, they have a better knowledge of the organization's resources, capabilities, and constraints, which can help in selecting the most effective risk response option.

Information security managers, internal auditors, and incident response team members are also essential stakeholders, but they have specific roles and responsibilities related to risk management. Information security managers are responsible for ensuring the confidentiality, integrity, and availability of information assets, while internal auditors are responsible for ensuring compliance with policies, procedures, and regulations. Incident response team members are responsible for responding to security incidents and mitigating their impact.

In summary, while all stakeholders are important in responding to identified risk events in a project, the business managers are the most important stakeholders for reviewing risk response options to an IT risk. They have a better understanding of the business impact of the risk events and can make informed decisions regarding the risk response options.