CERP Practice Questions - Certified Enterprise Risk Professional (CERP) Exam

Why might a high-velocity operational risk require near-real-time escalation rather than monthly committee reporting?

Because monthly reporting is always weak governance Because the risk can materialize and cause harm faster than the normal reporting cycle allows Because committees should never review operational risk Because high velocity means the risk is already low severity

Correct Answer:

Because the risk can materialize and cause harm faster than the normal reporting cycle allows

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