Which of the following is the MOST effective way to mitigate identified risk scenarios?
A.
Assign ownership of the risk response plan
B.
Provide awareness in early detection of risk.
C.
Perform periodic audits on identified risk.
D.
areas Document the risk tolerance of the organization.
The Answer Is:
A
This question includes an explanation.
Explanation:
A risk response plan is a document that outlines the actions to be taken to address the identified risk scenarios. A risk response plan should include the objectives, scope, roles and responsibilities, resources, timelines, and metrics for each risk response. Assigning ownership of the risk response plan is the most effective way to mitigate identified risk scenarios, as it ensures accountability, clarity, and communication among the stakeholders involved in the risk management process. Assigning ownership also helps to monitor and evaluate the progress and effectiveness of the risk response plan, and to make adjustments as needed. References =Riskand Information Systems Control Study Manual, Chapter 3: Risk Response and Mitigation, Section 3.3: Risk Response Plan, p. 152-155.
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