Which of the following considerations should be taken into account while selecting risk indicators that ensures greater buy-in and ownership?

QuestionsCategory: CRISCWhich of the following considerations should be taken into account while selecting risk indicators that ensures greater buy-in and ownership?
Admin Staff asked 6 months ago
Which of the following considerations should be taken into account while selecting risk indicators that ensures greater buy-in and ownership?

A. Lag indicator

B. Lead indicator

C. Root cause

D. Stakeholder








 

Suggested Answer: D

To ensure greater buy-in and ownership, risk indicators should be selected with the involvement of relevant stakeholders. Risk indicators should be identified for all stakeholders and should not focus solely on the more operational or strategic side of risk.
Incorrect Answers:
A: Role of lag indicators is to ensure that risk after events have occurred is being indicated.
B: Lead indicators indicate which capabilities are in place to prevent events from occurring. They do not play any role in ensuring greater buy-in and ownership.
C: Root cause is considered while selecting risk indicator but it does not ensure greater buy-in or ownership.

This question is in CRISC exam 
For getting Risk and Information Systems Control Certificate


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