Master the 2025 CRISC Challenge – Grab Your Risk Control Superpowers!

The primary focus of risk governance is to ensure proper oversight of the enterprise's risk strategy. This encompasses the frameworks, policies, and processes that guide how risks are managed within an organization. Effective risk governance provides accountability, ensures that risk management practices align with the organization's objectives, and helps establish a risk-aware culture.

This oversight supports the organization in identifying, assessing, and prioritizing risks in a way that aligns with its strategic goals, ensuring that risk management is integrated into decision-making processes. Consequently, risk governance plays a critical role in enhancing transparency and fostering trust among stakeholders.

While identifying risks, increasing profitability, and allocating budgets are important aspects of risk management, they fall under the broader umbrella of activities that risk governance oversees. Proper governance ensures that these activities are not only executed efficiently but also align with the organization's overall risk appetite and strategic objectives.