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Exam (elaborations)

CRISC - Risk Assessment Study Guide with Complete Solutions

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CRISC - Risk Assessment Study Guide with Complete Solutions Process to identify and evaluate a risk event - Answer️️ -Risk Assessment Key action in Risk Assessment - Answer️️ -Valuation of Risks Enumerating risks - Answer️️ -Risk Identification Evaluating risk and its impact to lear...

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  • August 18, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CRISC
  • CRISC
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OliviaWest
©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



CRISC - Risk Assessment Study Guide with Complete Solutions


Process to identify and evaluate a risk event - Answer✔️✔️-Risk Assessment


Key action in Risk Assessment - Answer✔️✔️-Valuation of Risks


Enumerating risks - Answer✔️✔️-Risk Identification


Evaluating risk and its impact to learn their value - Answer✔️✔️-Risk Assessment


Qualitative analysis happens after Quantitative analysis - Answer✔️✔️-False


Brainstorming, prioritization happens on .. - Answer✔️✔️-Qualitative Analysis


Subjective and opinion based - Answer✔️✔️-Qualitative Analysis


Tool used in Qualitative Analysis - Answer✔️✔️-Delphi Method and Probability and

Impact Matrix


Objective, Fact Based - Answer✔️✔️-Quantitative Analysis


Requires a higher degree of skill and expertise - Answer✔️✔️-Quantitative Analysis


Basis for cost benefit decision - Answer✔️✔️-Quantitative Analysis




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, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


Asset Value (Av) - Answer✔️✔️-Dollar figure that represents what an asses is worth

to the organization


Exposure Factor (EF) - Answer✔️✔️-Loss percentage expected as a result of the

manifestation of a particular risk event. Impact


Single Loss Expectancy (SLe) - Answer✔️✔️-Dollar figure that represents the cost

of a single occurrence of a thread instance


Annual Rate of Occurrence (ARO) - Answer✔️✔️-How often a threat is expected to

materialize. Probability


Annual Loss Expectancy (ALE) - Answer✔️✔️-Cost per year as a result of a threat


Total Cost of Ownership (TCO) - Answer✔️✔️-Total cost of implementing a

safeguard, including initial costs and ongoing maintenance


Return on Investment (ROI) - Answer✔️✔️-Amount of money saves by

implementing a safeguard.


SLE formula - Answer✔️✔️-AV * EF


ALE formula - Answer✔️✔️-SLE * ARO




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