Which of the following would provide executive management with the BEST information to make risk decisions as a result of a risk assessment?
Which of the following would provide executive management with the BEST information to make risk decisions as a result of a risk assessment?
To provide executive management with the best information for making risk decisions, it is important to compare the risk assessment results to the desired state. This comparison allows executives to understand the gap between the current risk exposure and the organization's risk appetite or tolerance levels, highlighting areas that need attention. This approach offers a meaningful context for decision-making, enabling prioritization and alignment of risk management efforts with strategic goals.
Should be B - Qualitative. Refer to Section 2.7.2 first and second paragraph within CRISC Review Manual
I think this should be C. A and B alone don't make sense
C NINJA
Agree with C
Echo C
C - right answer.
should be B
C surely in order to make risk aware decisions?
A is correct. The BEST info the Mgmt needs to make decisions for the results of RISK ASSESSMENT is A: Quantitative presentation of Risk assessment results. How can the info of current and future desired state be the best info?. Risk assessment involves Identifying, analyzing, evaluating and treating risk.
C, the desired state is the risk is within apatite.
Quantitative risk assessments provide numerical estimates of the likelihood and potential impact of identified risks, which can help to prioritize risks and inform decisions on risk response strategies. This information can be presented using a variety of tools, such as risk matrices, heat maps, or probability curves, which can provide executives with a clear and concise overview of the risks facing the organization and their potential impact. In contrast, a qualitative presentation of risk assessment results typically relies on descriptive language or subjective assessments of risk likelihood and impact. While qualitative assessments may be useful in identifying and categorizing risks, they may not provide the same level of detailed information on the specific risks facing the organization or the potential impact of those risks.
Agree with C as the answer.
Going with C. If it is not B then it isn't A.
A. A quantitative presentation of risk assessment results. The best information to provide executive management for making risk decisions as a result of a risk assessment is "A. A quantitative presentation of risk assessment results." Quantitative information includes numerical data that quantifies the potential impact and likelihood of risks. This type of presentation allows executives to understand the magnitude of risks in concrete terms, making it easier to prioritize and allocate resources effectively. While qualitative presentations (option B) can provide valuable insights, quantitative data provides a more precise and objective basis for decision-making. Comparing risk assessment results to the desired state (option C) and assessing organizational maturity levels (option D) are also important aspects of risk management, but a quantitative presentation of risk assessment results directly addresses the executives' need for actionable information related to risks.
A is correct