Which of the following individuals is responsible for identifying process requirements, approving
process design and managing process performance?

A.
Business process owner

B.
Risk owner

C.
Chief financial officer

D.
Chief information officer

Explanation:

Business process owners are the individuals responsible for identifying process requirements,
approving process design and managing process performance. In general, a business process
owner must be at an appropriately high level in the enterprise and have authority to commit
resources to process-specific risk management activities.
Answer B is incorrect. Risk owner for each risk should be the person who has the most influence
over its outcome. Selecting the risk owner thus usually involves considering the source of risk and
identifying the person who is best placed to understand and implement what needs to be done.
Answer C is incorrect. Chief financial officer is the most senior official of the enterprise who is
accountable for financial planning, record keeping, investor relations and financial risks.
Answer D is incorrect. Chief information officer is the most senior official of the enterprise who is
accountable for IT advocacy; aligning IT and business strategies; and planning, resourcing and
managing the delivery of IT services and information and the deployment of associated human
resources.