Which of the following will BEST help in communicating strategic risk priorities?
A.
Heat map
B.
Business impact analysis (BIA)
C.
Balanced Scorecard
D.
Risk register
The Answer Is:
A
This question includes an explanation.
Explanation:
The best tool for communicating strategic risk priorities is a heat map. A heat map is a graphical representation of the risk profile of an enterprise, showing the likelihood and impact of various risks on a matrix. A heat map can help to highlight the most significant risks that require attention, as well as the risk appetite and tolerance levels of the enterprise. A heat map can also facilitate the comparison of risks across different business units, processes, or objectives, and enable the communication of risk information to stakeholders in a clear and concise manner. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.3.1, page 240.
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