Identifying stakeholders for each IT risk scenario is the most important reason for a risk practitioner to ensure enterprise-wide risk management. Stakeholders are individuals or groups who have a vested interest in the outcome of a risk scenario and can be impacted by it. By identifying stakeholders for each IT risk scenario, a risk practitioner can ensure that all relevant parties are aware of the risk and are able to contribute to the management of that risk. This enables enterprise-wide risk management, as it ensures that all stakeholders are aware of and engaged in the risk management process. Other reasons, such as identifying key risk indicators (KRIs), enabling a comprehensive view of risk, and establishing control ownership, may also be important considerations, but ensuring enterprise-wide risk management is the most important reason for identifying stakeholders for each IT risk scenario.
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