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ISACA CRISC (Certified in Risk and Information Systems Control) Certification Exam is designed for professionals who work in the field of risk management and information systems control. Certified in Risk and Information Systems Control certification is highly valued in the industry and is recognized globally. CRISC exam is designed to test the candidate's knowledge, skills, and abilities in the areas of risk identification, assessment, response, and control. CRISC exam is rigorous and requires a significant amount of preparation and study to pass.
The CRISC Certification is a valuable asset for professionals who work in the risk management and information systems control fields. Certified in Risk and Information Systems Control certification demonstrates to employers and clients that the professional has the necessary skills and knowledge to identify, assess, and evaluate risks associated with information systems, and to design, implement, monitor, and maintain an effective risk management program for their organization.
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ISACA Certified in Risk and Information Systems Control Sample Questions (Q517-Q522):
NEW QUESTION # 517
To help ensure all applicable risk scenarios are incorporated into the risk register, it is MOST important to
review the:
- A. risk mitigation approach
- B. risk assessment results.
- C. cost-benefit analysis.
- D. vulnerability assessment results
Answer: B
Explanation:
To help ensure all applicable risk scenarios are incorporated into the risk register, it is most important to
review the risk assessment results, which are the outputs of the process of identifying, analyzing, and
evaluating the risks that affect a project or an organization. The riskassessment results provide information on
the sources, causes, impacts, likelihood, and severity of the risks, as well as the existing controls and their
effectiveness. The risk assessment results help to determine the risk level and priority of each risk scenario,
and to select the most appropriate risk response strategy. The risk assessment results are the basis for creating
and updating the risk register, which is a document that records and tracks theidentified risks, their
characteristics, responses, owners, and status12. The other options are not the most important factors to
review, as they are either derived from or dependent on the risk assessment results. The risk mitigation
approach is the plan and actions to reduce the impact or likelihood of the risks, and it is based on the risk
assessment results. The cost-benefit analysis is the comparison of the costs and benefits of implementing the
risk response strategy, and it is influenced by the risk assessment results. The vulnerability assessment results
are the identification and measurement of the weaknesses or gaps in the information systems or resources, and
they are part of the risk assessment results. References = Risk Assessment in Project Management | PMI; Risk
Assessment Process: Definition, Steps, and Examples; Risk Assessment - an overview | ScienceDirect
Topics; Risk Register: A Project Manager's Guide with Examples [2023] * Asana; What Is a Risk Register? |
Smartsheet
NEW QUESTION # 518
Natural disaster is BEST associated to which of the following types of risk?
- A. Discontinuous
- B. Long-term
- C. Large impact
- D. Short-term
Answer: A
Explanation:
Section: Volume D
Explanation:
Natural disaster can be a long-term or short-term and can have large or small impact on the company.
However, as the natural disasters are unpredictable and infrequent, they are best considered as discontinuous.
Incorrect Answers:
A: Natural disaster can be a short-term, but it is not the best answer.
B: Natural disaster can be a long-term, but it is not the best answer.
D: Natural disaster can be of large impact depending upon its nature, but it is not the best answer.
NEW QUESTION # 519
The MOST important characteristic of an organization's policies is to reflect the organization's:
- A. capabilities
- B. risk assessment methodology.
- C. risk appetite
- D. asset value.
Answer: C
Explanation:
Section: Volume D
NEW QUESTION # 520
Which of the following is the BEST key performance indicator (KPI) to measure the effectiveness of a vulnerability management process?
- A. Percentage of vulnerabilities remediated within the agreed service level
- B. Number of vulnerabilities identified during the period
- C. Percentage of vulnerabilities escalated to senior management
- D. Number of vulnerabilities re-opened during the period
Answer: A
Explanation:
A vulnerability management process is a process that identifies, analyzes, prioritizes, and remediates the vulnerabilities in the IT systems and applications. The effectiveness of a vulnerability management process can be measured by the key performance indicators (KPIs) that reflect the achievement of the process objectives and the alignment with the enterprise's risk appetite and tolerance. The best KPI to measure the effectiveness of a vulnerability management process is the percentage of vulnerabilities remediated within the agreed service level. This KPI indicates how well the process is able to address the vulnerabilities in a timely and efficient manner, and reduce the exposure and impact of the risks associated with the vulnerabilities. The other options are not as good as the percentage of vulnerabilities remediated within the agreed service level, as they may not reflect the quality or timeliness of the remediation actions, or the alignment with the enterprise's risk appetite and tolerance. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 4, Section 4.3.2.1, pp. 171-172.
NEW QUESTION # 521
During which of the following processes, probability and impact matrix are prepared?
- A. Risk response
- B. Quantitative risk assessment
- C. Monitoring and Control Risk
- D. Qualitative risk assessment
Answer: D
Explanation:
Section: Volume D
Explanation:
The probability and impact matrix is a technique to prioritize identified risks of the project on their risk rating, and are being prepared while performing qualitative risk analysis. Evaluation of each risk's importance and, hence, priority for attention, is typically conducted using a look-up table or a probability and impact matrix. This matrix specifies combinations of probability and impact that lead to rating the risks as low, moderate, or high priority.
Incorrect Answers:
A, B: These processes are part of Risk Management. The probability and impact matrix is prepared during the qualitative risk analysis for further quantitative analysis and response based on their risk rating.
C: SLE, ARO and ALE are used in quantitative risk assessment.
NEW QUESTION # 522
......
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