Certified in Risk and Information Systems Control (CRISC) — Question 266

Which of the following would be of GREATEST assistance when justifying investment in risk response strategies?

Answer options

• A. Cost-benefit analysis
• B. Business impact analysis
• C. Total cost of ownership
• D. Resource dependency analysis

Correct answer: A

Explanation

A cost-benefit analysis is essential as it helps quantify the financial benefits of risk response strategies against their costs, making it the best tool for justification. The other options, while useful in different contexts, do not directly compare costs and benefits in a way that supports investment decisions as effectively as a cost-benefit analysis does.