Which role is primarily responsible for reviewing risk responses in risk management?

Which role is primarily responsible for reviewing risk responses in risk management?

• A. Risk Owner
• B. Risk Manager
• C. Risk User
• D. Risk Reader

Answer: (B)

Reviewing risk responses is a governance activity tied to overseeing the risk program. The person in charge of the risk program—the risk manager—has the responsibility to review proposed treatment options, validate that the residual risk after controls is within tolerance, ensure resources and timelines are in place, and sign off on the risk treatment plan before it’s implemented. The risk owner is accountable for the specific risk and for implementing the chosen response in their area, but the formal review and oversight across the program rests with the risk manager. Risk users and risk readers are users of risk information rather than responsible for reviewing the responses.

Reviewing risk responses is a governance activity tied to overseeing the risk program. The person in charge of the risk program—the risk manager—has the responsibility to review proposed treatment options, validate that the residual risk after controls is within tolerance, ensure resources and timelines are in place, and sign off on the risk treatment plan before it’s implemented. The risk owner is accountable for the specific risk and for implementing the chosen response in their area, but the formal review and oversight across the program rests with the risk manager. Risk users and risk readers are users of risk information rather than responsible for reviewing the responses.