OneTrust Certified Privacy Professional Practice Exam

When a Risk Approver grants an Exception requested by a Risk Owner, what stage is the Flag Risk moved to?

1. Risk Monitoring

2. Final Review

3. Risk Documentation

4. Preference Assessment

The correct answer is: Risk Monitoring

When a Risk Approver grants an Exception requested by a Risk Owner, the Flag Risk moves to the Risk Monitoring stage. This stage involves actively overseeing the risks that have been identified, including those for which exceptions have been granted. In the Risk Monitoring stage, the organization tracks the performance and status of the risk management processes, ensuring that any granted exceptions are effectively managed and that appropriate controls are in place. This enables the organization to monitor any changes in risk exposure and take necessary actions if the risk situation evolves. The other stages such as Final Review, Risk Documentation, and Preference Assessment serve different functions in the risk management process, such as ensuring all risks are thoroughly reviewed before acceptance, documenting risks and their management strategies, or assessing preferences for handling risks, respectively. However, they do not pertain directly to the active monitoring that occurs once an exception has been granted.