The explanation for the answers says the below which is answer A: Business Management
“Business management is the business individuals with roles relating to managing a program. They are typically accountable for analyzing risks, maintaining risk profile, and risk-aware decisions. Other than this, they are also responsible for managing risks, react to events, etc.”
D. The Chief Risk Officer is responsible for analyzing risks, maintaining the organization's risk profile, and ensuring that risk-aware decisions are made throughout the organization.
Chief Risk Officer (CRO): roles and responsabilities
1. Risk Strategy: Develops and oversees the overall risk management strategy and framework for the organization.
2. Risk Analysis: Conducts comprehensive risk assessments and analyses to identify, evaluate, and prioritize risks across the organization.
3. Risk Profile Maintenance: Maintains the organization's risk profile, ensuring it is up-to-date and reflective of the current risk landscape.
4. Risk-Aware Decisions: Promotes risk-aware decision-making at the executive level, ensuring that strategic decisions consider potential risks and their impacts.
5. Risk Governance: Establishes risk governance structures and processes, ensuring compliance with regulatory requirements and industry standards.
6. Risk Reporting: Provides regular risk reports to the board of directors, executive management, and other key stakeholders, highlighting significant risks and mitigation efforts.
Therefore, D is the correct answer.
Business management is the business individuals with roles relating to managing a program. They are typically accountable for analyzing risks, maintaining risk profile, and risk-aware decisions. Other than this, they are also responsible for managing risks, react to events, etc.
Could be A or D - the question does not specify for a Program (A) or for the Enterprise (D) which implies across all Programs, and is probably a better answer.
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