Certified in Risk and Information Systems Control (CRISC) — Question 1101

An organization is developing a risk universe to create a holistic view of its overall risk profile. Which of the following is the GREATEST barrier to achieving the initiative's objectives?

Answer options

• A. Lack of common understanding of the organization's risk culture
• B. Lack of cross-functional risk assessment workshops within the organization
• C. Lack of quantitative methods to aggregate the total risk exposure
• D. Lack of an integrated risk management system to aggregate risk scenarios

Correct answer: A

Explanation

The correct answer is A, as a lack of common understanding of the organization's risk culture can hinder effective communication and collaboration, which are essential for risk management. While the other options may present challenges, they do not address the foundational issue of a shared risk culture, which is critical for a successful risk universe initiative.