The risk response plans should have how many owner(s)?

The ideal approach is to assign one owner for each risk response plan. Having a single owner ensures accountability and clarity in responsibility. This person becomes the primary point of contact for that particular risk, allowing them to drive the implementation of the response strategies effectively. It helps streamline communication and decision-making, as each owner can focus on their specific area without the confusion that may arise from having multiple owners or no designated accountability at all. If a risk response plan were to have multiple owners, it could lead to overlaps in responsibilities and potential miscommunications, which can hinder the effectiveness of the risk management process. Therefore, defining one clear owner fosters better management and coordination.