Which among the following is the MOST crucial part of risk management process? A. Risk communication B. Auditing C. Risk monitoring D. Risk mitigation Suggested Answer: A Risk communication is a critical part in the risk management process. People are naturally uncomfortable talking about risk and tend to put off admitting that risk is involved and communicating about issues; incidents; and; eventually, even crises. If risk is to be managed and mitigated, it must first be discussed and effectively communicated throughout an enterprise. Incorrect Answers: B: Auditing is done to test the overall risk management process and the planned risk responses. So it is the very last phase after completion of risk management process. C: Risk monitoring is the last phase to complete risk management process, and for proper management of risk it should be communicated properly. Hence risk communication is the most crucial step. D: Risk mitigation is one of the phases of risk management process for effective mitigation of risk it should be first communicated throughout an enterprise. This question is in CRISC exam For getting Risk and Information Systems Control Certificate Disclaimers: The website is not related to, affiliated with, endorsed or authorized by ISACA. The website does not contain actual questions and answers from ISACA's Certification Exams. Trademarks, certification & product names are used for reference only and belong to ISACA.
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