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CRISC Exam Study Guide with Complete Solutions

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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM 5 only those areas that have potential impact. - Answer️️ -C. While not all organizational activities will pose an unacceptable risk, the practice of risk management is ideally applied to all organizational activities. ...

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  • August 18, 2024
  • 51
  • 2024/2025
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©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM



CRISC Exam Study Guide with Complete Solutions

RISK MANAGEMENT is... - Answer✔️✔️-the coordinated activities to direct and

control an enterprise with regard to risk


Risk Management starts with - Answer✔️✔️-Understanding the organization which

serves the environment or context in which it operates.


Assessing an organization's context (environment) includes - Answer✔️✔️-

Evaluating the intent and capability of threats

The relative value of, and trust required in, assets (or resources)

The respective relationship of vulnerabilities and threats could exploit to intercept,

interrupt, modify, or fabricate data in information assets.

The dependency on a supply chain

financing

debt

partners

vulnerability to changes in economic or political data

Changes to market trends and patterns



1

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


Emergence of new competition

impact of new legislation

existence of potential natural disaster

constraints caused by legacy systems and antiquated technology

strained labor relations and inflexible management


4 main objectives of Risk Governance - Answer✔️✔️-1. Establish and maintain a

common risk view

2. Integrate Risk Management into the enterprise

3. Make risk-aware business decisions

4. Ensure that risk management controls are implemented and operating correctly


Governance answers 4 questions - Answer✔️✔️-1. Are we doing the right things?


2. Are we doing them the right way?

3. Are we getting them done well

4. Are we getting the benefits?


The IT risk Management Life Cycle - Answer✔️✔️-1. Identification


2. Assessment



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


3. Response and Mitigation

4. Monitoring and Reporting


the role of IT is to - Answer✔️✔️-serve the business


CSF stands for - Answer✔️✔️-Critical Success Factor, such as the relationship

between the Business Unit and Information Technology


Business continuity starts - Answer✔️✔️-where risk management ends


IS audit is an important part of - Answer✔️✔️-corporate governance


NIST states that an organization must provide risk-based cost effective ... -

Answer✔️✔️-controls


IT risk drives the selection of ____ and justitifies the choice and operation of a

_________. - Answer✔️✔️-control(s)


Control failure is - Answer✔️✔️-when a control is not operating correctly, is the

wrong control, is configured incorrectly, or inadequate to address new threats.


Ways to determine IT project failure - Answer✔️✔️-1. Over budget


2. over time allotted

3. failure to meet customer needs and expectations



3

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


The success of the IT risk management effort is usually based on having an

organization wide perspective of risk following a ________________________ -

Answer✔️✔️-structured methodology and gathering correct information


To be effective, risk management should be applied to:




A.

those elements identified by a risk assessment.




B.

any area that exceeds acceptable risk levels.




C.

all organizational activities.




D.




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