Which Is a Responsibility of a Risk Owner

question 81

Multiple Choice

Which is a responsibility of a risk owner?

• A) Identify risks to the project that might occur in their department
• B) Own and authorize the use of the risk budget to fund risk responses
• C) Manage, monitor and control all aspects of an assigned risk
• D) Determine project risk appetite

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Definitions:

Management Fees

The fees paid to fund managers for their services, typically a percentage of the assets under management, in investment funds or portfolios.

Incentive Bonuses

Additional compensation provided to employees as a reward for achieving performance targets or specific goals.

Index Benchmarks

Standardized measures used to compare the performance of investments or investment managers against a representative segment of the market.

Initial Investment

The amount of money used to start an investment, which can influence the future return and risk level of the investment.