Exam CRISC topic 1 question 714 discussion

I'm inclined to go for B. Risk response wont be effective without ownership.

B. Assign ownership of the risk response plan. Assigning ownership of the risk response plan is the most effective way to mitigate identified risk scenarios. When ownership is clear, individuals or teams are responsible for taking specific actions to address and mitigate the risk. They are accountable for developing and implementing the necessary strategies and controls to reduce the risk to an acceptable level. While the other options (documenting risk tolerance, providing awareness in early detection of risk, and performing periodic audits) are important aspects of a comprehensive risk management strategy, they are not as direct or as immediately effective as assigning ownership of the risk response plan. Assigning ownership ensures that someone is directly responsible for taking action and monitoring the risk mitigation process, making it the primary means of addressing identified risk scenarios.

B. Assign ownership of the risk response plan. Assigning ownership of the risk response plan is the most effective way to mitigate identified risk scenarios. Here's why: Accountability: When a specific individual or team is assigned ownership of a risk response plan, they become accountable for its execution. This ensures that someone is responsible for taking the necessary actions to mitigate the risk. Timely Action: Ownership helps ensure that actions are taken promptly. Without clear ownership, there may be delays or confusion about who should address the risk. Coordination: Assigning ownership facilitates coordination and collaboration among relevant stakeholders. It ensures that all parties involved are aligned and working together to mitigate the risk. Monitoring and Reporting: The owner of the risk response plan is typically responsible for monitoring the effectiveness of the controls and reporting on progress to relevant parties, including senior management and risk committees.

Agree it is B.

Because assigning ownership of the risk response plan provides accountability and responsibility for mitigating the risk. By having a designated individual or team responsible for the risk response plan, the organization can ensure that the appropriate resources and actions are in place to effectively mitigate the risk. Assigning ownership also helps to ensure that the risk response plan is regularly reviewed and updated, and that the necessary steps are taken to implement it in a timely and effective manner. The other options (documenting the risk tolerance of the organization, providing awareness in early detection of risk, and performing periodic audits on identified risk areas) are also important components of risk management, but assigning ownership is the most effective way to ensure that the risk response plan is executed and monitored effectively.

its definitely b.

agree with B