Who Should Drive the Risk Analysis for an Organization?

B.

Although senior management should support and sponsor a risk analysis, the know-how and the management of the project will be with the security department.

Quality management and the legal department will contribute to the project.

The responsibility of driving the risk analysis for an organization lies with senior management. Senior management, including the CEO, CFO, COO, and other executives, is ultimately responsible for the organization's risk management strategy, as they are responsible for ensuring the organization's overall success and sustainability.

Senior management is responsible for determining the organization's risk appetite and risk tolerance levels, as well as ensuring that appropriate risk management policies and procedures are in place. They must also ensure that the risk management strategy aligns with the organization's overall goals and objectives, as well as any relevant legal and regulatory requirements.

While the security manager may play a role in conducting the risk analysis and providing recommendations, it is ultimately the responsibility of senior management to make the final decision regarding risk management strategy. The quality manager may also be involved in the process, as quality management is closely related to risk management in many organizations. The legal department may be consulted for advice on legal and regulatory compliance issues, but they typically do not have the overall responsibility for driving the risk analysis process.

In summary, senior management should drive the risk analysis process for an organization, with input and recommendations from other departments and stakeholders as appropriate.