Exam CISM topic 1 question 838 discussion

Reporting (metrics/dashboards) assist with decision making

C. Well-defined and approved controls Well-defined and approved controls provide a structured framework for managing and mitigating risks. These controls help ensure that risks are identified, assessed, and managed in a consistent and systematic manner. Without clear controls in place, it becomes challenging to make informed decisions about risks, and it can lead to uncertainty and potential vulnerabilities in an organization's risk management process.

I suppose that to support effective risk decision making, SM needs to know risks...

C. Well-defined and approved controls Having well-defined and approved controls is the most important aspect to have in place to support effective risk decision making. Controls serve as the mechanisms for mitigating, transferring, or accepting risks within an organization. They provide the framework for managing risks and enable decision makers to understand the options available for addressing risks in various domains. Without clear controls in place, it becomes challenging to make informed risk decisions and effectively manage risks across the organization. While options A, B, and D may also contribute to effective risk decision making, having well-defined and approved controls is fundamental to the process.

reporting not controls for sure

B. Risk reporting procedures

Risk reporting procedures play a crucial role in facilitating effective risk decision making. They provide a structured and systematic approach for collecting, analyzing, and presenting risk-related information to decision-makers within the organization.