Assigning accountability to risk owners is the best way to ensure implementation of corrective action plans, because it clarifies the roles and responsibilities of those who are in charge of managing and mitigating the risks. Contracting to third parties, establishing employee awareness training, and setting target dates to complete actions are all helpful measures, but they do not guarantee the implementation of corrective action plans without accountability. References = Risk and Information Systems Control Study Manual, Chapter 3, Section 3.4.3, page 105

Explanation/Reference:
Explanation:
Risk assessment is a process of analyzing the identified risk, both quantitatively and qualitatively.
Quantitative risk assessment requires calculations of two components of risk, the magnitude of the potential loss, and the probability that the loss will occur. While qualitatively risk assessment checks the severity of risk. Hence risk assessment helps in determining the present state of the risk.
Incorrect Answers:
B: Analyzing the effect of risk on an enterprise is the part of the process while performing risk assessment, but is not the reason for doing it.
C: Performing risk assessment may satisfy the regulatory requirements, but is not the reason to perform risk assessment.
D: Budgeting appropriately is one the results of risk assessment but is not the reason for performing the risk assessment.

Section: Volume D

Alignment to business objectives is the most important factor when developing a business case for a proposed security investment, because it demonstrates how the investment will support the enterprise's mission, vision, and goals. A business case should show how the security investment will contribute to the value creation, risk reduction, and performance improvement of the enterprise. The other options are not the most important factors, although they may also be included in the business case. The identification of control requirements, the consideration of new business strategies, and the inclusion of strategy for regulatory compliance are secondary factors that depend on the alignment to business objectives. References = Most Asked CRISC Exam Questions and Answers

Section: Volume D