Study. uk . com
  1. Home
  2. All questions
  3. Question 325

CISM study material · question 325 of 1000

The window in which a particular risk could have occurred has now passed and its risk reserve is unspent. What does IR 8286 say should happen, and what does it require?

  1. The reserve must be held until the next assessment cycle
  2. The reserve is reassigned to the highest-priority open risk
  3. The reserve is returned automatically to central finance with no action
  4. The reserve can be released for other predetermined funding needs, which requires prior coordination with budget owners
Show the answer

Answer: D. The reserve can be released for other predetermined funding needs, which requires prior coordination with budget owners

IR 8286 allows an unspent reserve to be freed for other funding needs already identified once the risk has passed or been reduced, provided owners have coordinated with acquisition and budget holders beforehand.

Source: NIST IR 8286 (NIST) — Sec. 3.5.3 When a Risk Event Passes

Challenge yourself on this topic → Study as cards