Ace the 2025 Certified Governance Risk & Compliance (CGRC) Challenge – Navigate the Governance Maze with Confidence!

Image Description

Question: 1 / 400

What should the level of detail in a risk register reflect about the risk responses?

The level of detail is set by historical information.

The level of detail must define exactly the risk response for each identified risk.

The level of detail is set of project risk governance.

The level of detail should correspond with the priority ranking.

The correct choice indicates that the level of detail in a risk register should align with the priority ranking of the risks. This approach ensures that more critical risks, which have a higher likelihood of occurrence or potential impact, are given more detailed and tailored responses. By matching the detail of risk responses to the priority of the risks, organizations can allocate resources more effectively and ensure that they are prepared to handle the most significant threats that could impact their objectives.

When risks are prioritized, it allows teams to focus on those that present the greatest threat to success first, ensuring that comprehensive and actionable mitigation strategies are outlined for these high-priority items. In contrast, lower-priority risks can be documented with less detail, as they have less potential impact on the organization.

Other aspects like historical information, exact definitions, or governance structures may influence risk management processes but do not dictate the necessary level of detail in relation to the priorities of the risks themselves. Therefore, aligning the level of detail in risk responses with the risk's priority ensures that organizations maintain a proactive stance in managing their risk environment effectively.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy