When integrating security risk management into an organization, it is most important to ensure that the risk management methodology follows an established framework, such as ISO 31000, NIST SP 800-30, or COBIT. This is because a framework provides a consistent and structured approach to identify, assess, treat, and monitor risks, and to align the risk management process with the organization’s objectives, culture, and governance. A framework also helps to ensure compliance with relevant standards and regulations, and to facilitate communication and reporting of risks to stakeholders.
[References: The CISM Review Manual 2023 states that “the risk management methodology should follow an established framework that provides a consistent and structured approach to risk management” and that “the framework should be aligned with the enterprise’s objectives, culture, and governance, and should comply with applicable standards and regulations” (p. 94). The CISM Review Questions, Answers & Explanations Manual 2023 also provides the following rationale for this answer: “The risk management methodology follows an established framework is the correct answer because it is the most important factor to ensure the successful integration of security risk management into an organization, as it provides a common language and process for managing risks across the organization” (p. 29). Additionally, the article Integrating Risk Management into Business Processes from the ISACA Journal 2018 states that “a risk management framework provides a systematic and comprehensive approach to risk management that covers the entire risk management cycle, from risk identification to risk monitoring and reporting” and that “a risk management framework should be aligned with the organization’s strategy, culture, and governance, and should follow recognized standards and best practices, such as ISO 31000, NIST SP 800-30, or COBIT” (p. 1), , , , , , , ]
