Legit CRISC Exam Download

Policies and standards are important components of the risk management process, as they define the objectives, expectations, and requirements for managing risk within the organization. Policies and standards are also the means by which senior management formally approves and communicates the risk practices to the stakeholders, ensuring that the risk management process is aligned with the organizational strategy, culture, and values. Policies and standards also provide the authority and accountability for the risk management roles and responsibilities, as well as the criteria and metrics for measuring and reporting risk performance.

The risk appetite set by senior management drives decisions on acceptable risk levels, including noncompliance risks. It reflects the enterprise's strategic tolerance and risk management philosophy, as described in Governance and Compliance Principles.

A KRI is a measure used by an organization to measure the health of a particular risk. In this case, the risk practitioner is developing a metric to measure the risk associated with security threats that were not identified by antivirus software12.

References

1Standardized Scoring for Security and Risk Metrics - ISACA

2Key Performance Indicators for Security Governance, Part 1 - ISACA

Risk owner approval ensures accountability and alignment of the changes with the enterprise’s risk management strategy. It reflects adherence to the principles of Risk Ownership and Governance, critical for maintaining control over mitigation activities.