QuestionQ1363

Governance

Which statements are true about risk management frameworks, standards, and practices?

Each correct answer represents part of the solution.

Choose three
  • A They act as a guide to focus efforts of variant teams.
  • B They result in increase in cost of training, operation and performance improvement.
  • C They provide a systematic view of "things to be considered" that could harm clients or an enterprise.
  • D They assist in achieving business objectives quickly and easily.
Explanation

Risk management frameworks, standards, and practices establish a consistent guide for teams, organize consideration of threats that could harm clients or the enterprise, and help organizations achieve business objectives through structured risk identification, assessment, and treatment.

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