D. Evaluate the organization’s ability to implement the solution: Before choosing a risk response option, it is essential to assess whether the organization has the necessary resources, expertise, and infrastructure to implement the solution effectively. This ensures that the chosen response can be realistically executed.
Before selecting a final risk response option for a given risk scenario, management should FIRST:
C. determine control ownership.
Determining control ownership involves identifying who within the organization will be responsible for implementing and managing the chosen risk response option. This step is crucial as it ensures accountability and clarity regarding who will be responsible for executing the chosen solution. Once control ownership is established, management can then proceed with evaluating other aspects such as remediation timeline, organizational ability to implement the solution, and benchmarking against similar organizations' risk responses.
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