Which of the following is the MOST effective way to manage risks within the enterprise?
A.
Assign individuals responsibilities and accountabilities for management of risks.
B.
Make staff aware of the risks in their area and risk management techniques.
C.
Provide financial resources for risk management systems.
D.
Document procedures and reporting processes.
The Answer Is:
A
This question includes an explanation.
Explanation:
Assigning individuals responsibilities and accountabilities for management of risks is the most effective way to manage risks within the enterprise, as it ensures that the risk owners and stakeholders are clearly identified, involved, and accountable for the risk management activities and outcomes. Assigning responsibilities and accountabilities also helps to establish roles and expectations, delegate authority, and monitor performance and compliance12. References := CGEIT Exam Content Outline, Domain 4, Subtopic B: IT Risk Management, Task 2: Ensure that appropriate senior level management sponsorship for IT risk management exists.
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