Which of the following are typical responsibilities for operational management within a risk management program?
1. Implementing corrective actions to address process deficiencies.
2. Identifying shifts in the organization's risk management environment.
3. Providing guidance and training on risk management processes.
4. Assessing the impact of mitigation strategies and activities.
Operational management within a risk management program typically has the responsibility of implementing corrective actions to address process deficiencies and assessing the impact of mitigation strategies and activities. Implementing corrective actions is crucial as operational management is directly involved with day-to-day processes and can effectively address deficiencies. Assessing the impact of mitigation strategies helps in ensuring that the implemented actions are effective and that risks are being managed adequately.
Who is responsible for #2 Identifying shifts in the organization?
#3 is done by the Risk management function i.e. Risk Manager/Officer etc.
I am surprised that #3 answer is not correct.