CRISC Certification Overview - [Oct 27, 2022] Latest CRISC PDF Dumps
The Best ISACA CRISC Study Guides and Dumps of 2022
NEW QUESTION 573
Which of the following is the MOST important characteristic of an effective risk management program?
- A. Risk response plans are documented
- B. Controls are mapped to key risk scenarios.
- C. Key risk indicators are defined.
- D. Risk ownership is assigned
Answer: D
NEW QUESTION 574
A risk manager has determined there is excessive risk with a particular technology. Who is the BEST person to own the unmitigated risk of the technology?
- A. Chief risk officer
- B. Business process owner
- C. IT system owner
- D. Chief financial officer
Answer: C
Explanation:
Section: Volume D
NEW QUESTION 575
As part of an overall IT risk management plan, an IT risk register BEST helps management:
- A. understand the organizational risk profile
- B. align IT processes with business objectives
- C. communicate the enterprise risk management policy
- D. stay current with existing control status
Answer: D
NEW QUESTION 576
For a large software development project, risk assessments are MOST effective when performed:
- A. during the development of the business case
- B. before system development begins
- C. at system development
- D. at each stage of the SDLC
Answer: D
Explanation:
Section: Volume D
NEW QUESTION 577
Which of the following is performed after a risk assessment is completed?
- A. Defining risk response options
- B. Defining risk taxonomy
- C. Identifying vulnerabilities
- D. Conducting an impact analysis
Answer: D
NEW QUESTION 578
Following a significant change to a business process, a risk practitioner believes the associated risk has been reduced. The risk practitioner should advise the risk owner to FIRST
- A. conduct a risk analysis.
- B. reallocate risk response resources.
- C. update the risk register
- D. review the key risk indicators.
Answer: A
NEW QUESTION 579
An internal audit report reveals that not all IT application databases have encryption in place. Which of the following information would be MOST important for assessing the risk impact?
- A. The cost required to enforce encryption.
- B. The number of users who can access sensitive data.
- C. The reason some databases have not been encrypted.
- D. A list of unencrypted databases which contain sensitive data.
Answer: C
Explanation:
Section: Volume D
NEW QUESTION 580
The FIRST step for a startup company when developing a disaster recovery plan should be to identify:
- A. a suitable alternate site
- B. critical business processes
- C. recovery time objectives
- D. current vulnerabilities
Answer: B
Explanation:
Section: Volume D
NEW QUESTION 581
Which of the following criteria associated with key risk indicators (KRIs) BEST enables effective risk monitoring?
- A. Low cost of development and maintenance
- B. Approval by senior management
- C. Use of industry risk data sources
- D. Sensitivity to changes in risk levels
Answer: D
NEW QUESTION 582
Which of the following should be considered FIRST when assessing risk associated with the adoption of emerging technologies?
- A. Control self-assessment (CSA)
- B. Business requirements
- C. Cost-benefit analysis
- D. Organizational strategy
Answer: D
NEW QUESTION 583
When evaluating enterprise IT risk management it is MOST important to:
- A. create new control processes to reduce identified IT risk scenarios
- B. report identified IT risk scenarios to senior management
- C. confirm the organization s risk appetite and tolerance
- D. review alignment with the organization's investment plan
Answer: C
NEW QUESTION 584
Participants in a risk workshop have become focused on the financial cost to mitigate risk rather than choosing the most appropriate response. Which of the following is the BEST way to address this type of issue in the long term?
- A. Perform a return on investment analysis.
- B. Review the risk register and risk scenarios.
- C. Calculate annualized loss expectancy of risk scenarios.
- D. Raise the maturity of organizational risk management.
Answer: D
NEW QUESTION 585
You are the project manager for GHT project. You need to perform the Qualitative risk analysis process.
When you have completed this process, you will produce all of the following as part of the risk register update output except which one?
- A. Priority list of risks
- B. Watch list of low-priority risks
- C. Risks grouped by categories
- D. Probability of achieving time and cost estimates
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Probability of achieving time and cost estimates is an update that is produced from the Quantitative risk analysis process. In Qualitative risk analysis probability of occurrence of a specific risk is identified but not of achieving time and cost estimates.
NEW QUESTION 586
The annualized loss expectancy (ALE) method of risk analysis:
- A. can be used to determine the indirect business impact.
- B. can be used m a cost-benefit analysts
- C. uses qualitative risk rankings such as low. medium and high.
- D. helps in calculating the expected cost of controls
Answer: A
NEW QUESTION 587
John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?
- A. Schedule management plan
- B. Activity cost estimates
- C. Risk management plan
- D. Activity duration estimates
Answer: D
Explanation:
Section: Volume C
Explanation
Explanation:
The activity duration estimates review is valuable in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk.
Incorrect Answers:
B: The activity cost estimates review is valuable in identifying risks as it provides a quantitative assessment of the expected cost to complete scheduled activities and is expressed as a range, with a width of the range indicating the degrees of risk.
C: A Risk management plan is a document arranged by a project manager to estimate the effectiveness, predict risks, and build response plans to mitigate them. It also consists of the risk assessment matrix.
D: It describes how the schedule contingencies will be reported and assessed.
NEW QUESTION 588
What is the most important benefit of classifying information assets?
- A. Explanation:
All of the options are directly or indirectly are the advantages of classifying information assets, but the most important benefit amongst them is that appropriate controls can be identified. - B. Identifying controls that should be applied
- C. Allotting risk ownership
- D. Linking security requirements to business objectives
- E. Defining access rights
Answer: A,B
Explanation:
B, and A are incorrect. These all are less significant than identifying controls.
NEW QUESTION 589
Which of the following is the BEST way to identify changes in the risk profile of an organization?
- A. Monitor key risk indicators (KRIs).
- B. Conduct a gap analysis
- C. Monitor key performance indicators (KPIs).
- D. Interview the risk owner.
Answer: B
NEW QUESTION 590
Which of the following scenarios presents the GREATEST risk for a global organization when implementing a data classification policy?
- A. Changes to information handling procedures are not documented.
- B. Changes to data sensitivity during the data life cycle have not been considered.
- C. Data encryption has not been applied to all sensitive data across the organization.
- D. There are many data assets across the organization that need to be classified.
Answer: B
NEW QUESTION 591
While considering entity-based risks, which dimension of the COSO ERM framework is being referred?
- A. Risk objectives
- B. Strategic objectives
- C. Risk components
- D. Organizational levels
Answer: D
Explanation:
Section: Volume C
Explanation
Explanation:
The organizational levels of the COSO ERM framework describe the subsidiary, business unit, division, and entity-levels of aspects of risk solutions.
Incorrect Answers:
B: Risk components includes Internal Environment, Objectives settings, Event identification, Risk assessment, Risk response, Control activities, Information and communication, and monitoring.
C: Strategic objectives includes strategic, operational, reporting, and compliance risks; and not entity-based risks.
D: This is not a valid answer.
NEW QUESTION 592
A highly regulated organization acquired a medical technology startup company that processes sensitive personal information with weak data protection controls. Which of the following is the BEST way for the acquiring company to reduce its risk while still enabling the flexibility needed by the startup company?
- A. Implement a firewall and isolate the environment from the parent company's network.
- B. Identify previous data breaches using the startup company's audit reports.
- C. Classify and protect the data according to the parent company's internal standards.
- D. Have the data privacy officer review the startup company's data protection policies.
Answer: B
NEW QUESTION 593
To minimize the risk of a potential acquisition being exposed externally, an organization has selected a few key employees to be engaged in the due diligence process. A member of the due diligence team realizes a close acquaintance is a high-ranking IT professional at a subsidiary of the company about to be acquired. What is the BEST course of action for this team member?
- A. Delegate responsibilities involving the acquaintance.
- B. Enforce segregation of duties.
- C. Notify the subsidiary's legal team.
- D. Disclose potential conflicts of interest.
Answer: D
NEW QUESTION 594
The number of tickets to rework application code has significantly exceeded the established threshold.
Which of the following would be the risk practitioner's BEST recommendation?
- A. Implement version control software
- B. Perform a code review
- C. Implement training on coding best practices
- D. Perform a root cause analysis
Answer: B
NEW QUESTION 595
Which of the following BEST assists in justifying an investment in automated controls?
- A. Elimination of compensating controls
- B. Reduction in personnel costs
- C. Alignment of investment with risk appetite
- D. Cost-benefit analysis
Answer: D
Explanation:
Section: Volume D
NEW QUESTION 596
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Conclusion
You have to be faithful to these resources until the final date of your test arrives. What will greet you at the end of your long & arduous study preparation is a sweeping validation as a specialist certified in Risk and Information Systems Control. More importantly, the bonus of accomplishing the CRISC exam is the financial security you’ll have once hired. As revealed on the ISACA official site, the average salary of this type of certified specialists is $117,000. So, just wait, diligent learner, because your effort will be rewarded at the right time!
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