Which of the following is a characteristic of effective risk management controls?

An effective risk management control system is characterized by its flexibility and adaptability to change. In a dynamic environment where both internal and external factors can shift rapidly, having controls that can respond effectively to new risks or changes in organizational operations is crucial. This characteristic ensures that the organization can remain resilient in the face of evolving threats and challenges.

Flexibility allows for the seamless integration of new findings, technologies, or regulatory requirements into existing frameworks, promoting continuous improvement of the risk management process. Adaptability ensures that controls are not static but instead evolve with the organization and its operational landscape, retaining relevance and effectiveness over time. This proactive approach contributes to a more robust business continuity strategy, enabling organizations to anticipate and mitigate potential risks more efficiently.

In contrast, other characteristics like being costly and complex to implement could hinder a company's ability to respond effectively, while solely focusing on technological solutions might neglect other critical aspects of risk management, such as human factors and organizational culture. Regular maintenance reviews, while important for ensuring controls remain effective, do not embody a core characteristic of effective controls per se, which is their inherent flexibility and adaptability.