A good IT risk scenario must be aligned with a business objective. This alignment ensures that the risk scenario is relevant to the organization’s goals and can be effectively integrated into its risk management processes.
Alignment to Business Objective (Answer C):
Importance: Aligning risk scenarios with business objectives ensures that they are relevant and support the organization’s overall strategy.
Impact: This alignment helps in prioritizing risk management efforts and resources toward areas that directly affect the organization’s success.
Outcome: It leads to more effective risk management by focusing on risks that could impact key business outcomes.
Comparison with Other Options:
A. The scenario is aligned to business control processes:
Purpose: Control processes are important but secondary to business objectives.
B. The scenario is aligned to the organization’s risk appetite and tolerance:
Purpose: Important for overall risk management but not the primary characteristic of a good risk scenario.
D. The scenario is aligned to known vulnerabilities in information technology:
Purpose: While addressing vulnerabilities is important, the primary focus should be on how these vulnerabilities affect business objectives.
[References:, ISACA CRISC Review Manual, Chapter 2, "IT Risk Assessment", which emphasizes the need for risk scenarios to be aligned with business objectives for effective risk management., , , , , , , , , , , , ]
