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What is senior management's role in the RACI model when tasked with reviewing monthly status reports provided by risk owners?
Suggested Answer: A
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Senior management's role in the RACI model when tasked with reviewing monthly status reports provided by risk owners is accountable, as it means that they have the ultimate authority and responsibility to approve or reject the risk management decisions and actions, and to oversee the risk management performance and outcomes. The other options are not the correct roles, as they imply different levels or types of involvement or participation in the risk management process, such as being informed, responsible, or consulted, respectively.Reference:= CRISC Review Manual, 7th Edition, page 101.
12 comments · newest first
EL
Elena
2 months ago
I lean towards D) Consulted. Their input is valuable for risk decisions.
PE
Peggie
2 months ago
I feel like B) Informed makes sense too. They should know what's happening but not do the work.
VA
Vallie
2 months ago
I think senior management should be A) Accountable. They need to own the outcomes.
LA
Lauran
2 months ago
They have to be Responsible for the outcomes!
AN
Anglea
2 months ago
Wait, are they really just Informed? Seems off.
AL
Alpha
2 months ago
I disagree, they should be Consulted for insights.
AR
Arlene
3 months ago
Definitely Informed, they need to know what's up!
TO
Tonja
3 months ago
I think they should be Accountable.
DO
Dottie
3 months ago
I thought they were "Responsible" for ensuring the reports are accurate, but that might just be for the risk owners, right?
ED
Edwin
3 months ago
I feel like they should be "Informed" about the status reports, but I can't recall if they have a more active role in the RACI model.
KI
Kimberlie
3 months ago
I remember a practice question where management was "Consulted" on risk decisions, but that feels different from just reviewing reports.
PA
Pamela
4 months ago
I think senior management is more likely to be "Accountable" since they oversee the overall risk management process, but I'm not entirely sure.