[Jan 08, 2022] CRISC Practice Exam Dumps - 99% Marks In ISACA Exam [Q480-Q497]

[Jan 08, 2022] CRISC Practice Exam Dumps - 99% Marks In ISACA Exam

Updated Verified CRISC Q&As - Pass Guarantee or Full Refund

ISACA CRISC Exam Syllabus Topics:

Topic	Details
Topic 1	Assesses Your Ability To Define And Establish Key Risk Indicators (Kris) And Thresholds Based On Available Data, To Enable Monitoring Of Changes In Risk.
Topic 2	Risk and Control Monitoring and Reporting
Topic 3	Confirms One’s Ability To Recognize And Gauge Threats And Vulnerabilities To The Organization’s People, Processes And Technology.
Topic 4	Attests To Advanced Skill In Identifying The Current State Of Existing Controls And Evaluating Their Effectiveness For It Risk Mitigation.
Topic 5	IT Risk Identification IT Risk Assessment
Topic 6	Self-Assessment Questions, Answers and Explanations
Topic 7	Task and Knowledge Statements
Topic 8	Risk Response and Mitigation
Topic 9	Tests Your Ability To Select And Implement Informed Risk Decisions That Are Well-Aligned And Enunciated Throughout The Organization.
Topic 10	Suggested Resources For Further Study
Topic 11	Definitions and Objectives for the Four Areas

An A-list certification exam like the ISACA CRISC has a lot in store for its brave challengers. If you identify yourself as part of this daring crowd, you should pursue this certification by preparing diligently. It’s the first rule to keep in mind when beginning your venture as an ISACA candidate. So, in this post, you’ll learn the process of elimination when dealing with CRISC exam prep resources.

CRISC Exam topics

Candidates must know the exam topics before they start of preparation. Because it will really help them in hitting the core. Our CRISC dumps will include the following topics:

Information Systems Control Design and Implementation: 17%
Risk Response: 17%
Risk Monitoring: 17%
Risk Identification, Assessment, and Evolution: 31%
IS Control Monitoring and Maintenance: 18%

NEW QUESTION 480
Which of the following is the BEST indicator of the effectiveness of a control action plan's implementation?

A. Increased number of controls
B. Increased risk appetite
C. Reduced risk level
D. Stakeholder commitment

Answer: C

Explanation:
Section: Volume D

NEW QUESTION 481
The MOST significant benefit of using a consistent risk ranking methodology across an organization is that it enables:

A. assignment of risk to the appropriate owners
B. allocation of available resources
C. risk to be expressed in quantifiable terms
D. clear understanding of risk levels

Answer: D

NEW QUESTION 482
You are the risk official in Techmart Inc. You are asked to perform risk assessment on the impact of losing a network connectivity for 1 day. Which of the following factors would you include?

A. Financial losses incurred by affected business units
B. Hourly billing rate charged by the carrier
C. Value that enterprise get on transferring data over the network
D. Aggregate compensation of all affected business users.

Answer: A

Explanation:
Explanation/Reference:
Explanation:
The impact of network unavailability is the cost it incurs to the enterprise. As the network is unavailable for
1 day, it can be considered as the failure of some business units that rely on this network. Hence financial losses incurred by this affected business unit should be considered.
Incorrect Answers:
A, B, C: These factors in combination contribute to the overall financial impact, i.e., financial losses incurred by affected business units.

NEW QUESTION 483
Which of the following BEST measures the impact of business interruptions caused by an IT service outage?

A. Cost of remediation efforts
B. Average time to recovery
C. Sustained financial loss
D. Duration of service outage

Answer: C

NEW QUESTION 484
Which of the following controls focuses on operational efficiency in a functional area sticking to management policies?

A. is incorrect. Detective control simply detects and reports on the occurrence of an error,
omission or malicious act.
B. Detective control
C. Administrative control
D. Explanation:
Administrative control is one of the objectives of internal control and is concerned with ensuring
efficiency and compliance with management policies.
E. Operational control
F. is incorrect. It controls accounting operations, including safeguarding assets and
financial records.
G. Internal accounting control

Answer: C

Explanation:
is incorrect. It focuses on day-to-day operations, functions, and activities. It also ensures
that all the organization's objectives are being accomplished.

NEW QUESTION 485
You are an experienced Project Manager that has been entrusted with a project to develop a machine which produces auto components. You have scheduled meetings with the project team and the key stakeholders to identify the risks for your project. Which of the following is a key output of this process?

A. Risk Management Plan
B. Risk Categories
C. Risk Register
D. Risk Breakdown Structure
E. Explanation:
The primary outputs from Identify Risks are the initial entries into the risk register. The risk register ultimately contains the outcomes of other risk management processes as they are conducted, resulting in an increase in the level and type of information contained in the risk register over time.

Answer: C

Explanation:
D, and C are incorrect. All these are outputs from the "Plan Risk Management" process, which happens prior to the starting of risk identification.

NEW QUESTION 486
Which of the following BEST describes the utility of a risk?

A. The usefulness of the risk to individuals or groups
B. The mechanics of how a risk works
C. The potential opportunity of the risk
D. The finance incentive behind the risk

Answer: A

Explanation:
Section: Volume A
Explanation:
The utility of the risk describes the usefulness of a particular risk to an individual. Moreover, the same risk can be utilized by two individuals in different ways. Financial outcomes are one of the methods for measuring potential value for taking a risk. For example, if the individual's economic wealth increases, the potential utility of the risk will decrease.
Incorrect Answers:
A: Determining financial incentive is one of the method to measure the potential value for taking a risk, but it is not the valid definition for utility of risk.
B: It is not the valid definition.
C: It is not the valid definition.

NEW QUESTION 487
In response to the threat of ransomware, an organization has implemented cybersecurity awareness activities.
The risk practitioner's BEST recommendation to further reduce the impact of ransomware attacks would be to implement:

A. encryption for data in motion
B. two-factor authentication
C. encryption for data at rest
D. continuous data backup controls

Answer: D

Explanation:
Section: Volume D

NEW QUESTION 488
A project team member has just identified a new project risk. The risk event is determined to have significant impact but a low probability in the project. Should the risk event happen it'll cause the project to be delayed by three weeks, which will cause new risk in the project. What should the project manager do with the risk event?

A. Add the identified risk to the low-level risk watch-list.
B. Add the identified risk to the issues log.
C. Add the identified risk to the risk register.
D. Add the identified risk to a quality control management chart.

Answer: C

Explanation:
Section: Volume D
Explanation:
All identified risks, their characteristics, responses, and their status should be added and monitored as part of the risk register. A risk register is an inventory of risks and exposure associated with those risks. Risks are commonly found in project management practices, and provide information to identify, analyze, and manage risks. Typically a risk register contains:
* A description of the risk
* The impact should this event actually occur
* The probability of its occurrence
* Risk Score (the multiplication of Probability and Impact)
* A summary of the planned response should the event occur
* A summary of the mitigation (the actions taken in advance to reduce the probability and/or impact of the event)
* Ranking of risks by Risk Score so as to highlight the highest priority risks to all involved.
Incorrect Answers:
A: Control management charts are not the place where risk events are recorded.
B: This is a risk event and should be recorded in the risk register.
D: Risks that have a low probability and a low impact may go on the low-level risk watch-list.

NEW QUESTION 489
What are the three PRIMARY steps to be taken to initialize the project?
Each correct answer represents a complete solution. Choose all that apply.

A. Acquire software
B. Conduct a feasibility study
C. Explanation:
Projects are initiated by sponsors who gather the information required to gain approval for the project to be created. Information often compiled into the terms of a project charter includes the objective of the project, business case and problem statement, stakeholders in the system to be produced, and project manager and sponsor. Following are the steps to initiate the project: Conduct a feasibility study: Feasibility study starts once initial approval has been given to move forward with a project, and includes an analysis to clearly define the need and to identify alternatives for addressing the need. A feasibility study involves: Analyzing the benefits and solutions for the identified problem area Development of a business case that states the strategic benefits of implementing the system cither in productivity gains or in future cost avoidance and identifies and quantifies the cost savings of the new system. Estimation of a payback schedule for the cost incurred in implementing the system or shows the projected return on investment (ROI) Define requirements: Requirements include: Business requirements containing descriptions of what a system should do Functional requirements and use case models describing how users will interact with a system Technical requirements and design specifications and coding specifications describing how the system will interact, conditions under which the system will operate and the information criteria the system should meet. Acquire software: Acquiring software involves building new or modifying existing hardware or software after final approval by the stakeholder, which is not a phase in the standard SDLC process. If a decision was reached to acquire rather than develop software, this task should occur after defining requirements.
D. Define requirements
E. Plan risk management

Answer: A,B,D

Explanation:
is incorrect. Risk management is planned latter in project development process, and not during initialization.

NEW QUESTION 490
Which of the following is MOST important for a risk practitioner to consider when determining the control requirements for data privacy arising from emerging technologies?

A. Policies and procedures
B. internal audit recommendations
C. Laws and regulations
D. Standards and frameworks

Answer: C

NEW QUESTION 491
Where are all risks and risk responses documented as the project progresses?

A. Project management plan
B. Risk register
C. Risk management plan
D. Risk response plan

Answer: B

Explanation:
Section: Volume A
Explanation:
All risks, their responses, and other characteristics are documented in the risk register. As the project progresses and the conditions of the risk events change, the risk register should be updated to reflect the risk conditions.
Incorrect Answers:
A: The risk management plan addresses the project management's approach to risk management, risk identification, analysis, response, and control.
B: The project management plan is the overarching plan for the project, not the specifics of the risk responses and risk identification.
C: The risk response plan only addresses the planned risk responses for the identified risk events in the risk register.

NEW QUESTION 492
You are the project manager for your organization. You are preparing for the quantitative risk analysis. Mark, a project team member, wants to know why you need to do quantitative risk analysis when you just completed qualitative risk analysis. Which one of the following statements best defines what quantitative risk analysis is?

A. Quantitative risk analysis is the process of prioritizing risks for further analysis or action by assessing and combining their probability of occurrence and impact.
B. Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives.
C. Quantitative risk analysis is the review of the risk events with the high probability and the highest impact on the project objectives.
D. Quantitative risk analysis is the planning and quantification of risk responses based on probability and impact of each risk event.

Answer: B

Explanation:
Section: Volume C
Explanation:
Quantitative risk analysis is the process of numerically analyzing the effect of identified risks on overall project objectives. It is performed on risk that have been prioritized through the qualitative risk analysis process.
Incorrect Answers:
A: While somewhat true, this statement does not completely define the quantitative risk analysis process.
B: This is actually the definition of qualitative risk analysis.
D: This is not a valid statement about the quantitative risk analysis process. Risk response planning is a separate project management process.

NEW QUESTION 493
Which of the following is the BEST way to determine software license compliance?

A. Review whistlebtower reports of noncompliance.
B. List non-compliant systems in the risk register.
C. Monitor user software download activity.
D. Conduct periodic compliance reviews.

Answer: D

NEW QUESTION 494
You are the project manager of the PFO project. You are working with your project team members and two subject matter experts to assess the identified risk events in the project. Which of the following approaches is the best to assess the risk events in the project?

A. Probability and Impact Matrix
B. is incorrect. The true cost of the risk event is not a qualitative risk assessment approach.
It is often done during the quantitative risk analysis process.
C. Explanation:
Risk probability and assessment is completed through interviews and meetings with the
participants that are most familiar with the risk events, the project work, or have other information
that can help determine the affect of the risk.
D. Determination of the true cost of the risk event
E. Root cause analysis
F. Interviews or meetings
G. is incorrect. The probability and impact matrix is a tool and technique to prioritize the
risk events, but it's not the best answer for assessing risk events within the project.

Answer: F

Explanation:
is incorrect. Root cause analysis is a risk identification technique, not a qualitative
assessment tool.

NEW QUESTION 495
Which one of the following is the only output for the qualitative risk analysis process?

A. Project management plan
B. Risk register updates
C. Enterprise environmental factors
D. Organizational process assets

Answer: B

Explanation:
Explanation/Reference:
Explanation:
Risk register update is the only output of the choices presented for the qualitative risk analysis process.
The four inputs for the qualitative risk analysis process are the risk register, risk management plan, project scope statement, and organizational process assets. The output of perform qualitative risk analysis process is Risk Register Updates. Risk register is updated with the information from perform qualitative risk analysis and the updated risk register is included in the project documents. Updates include the following important elements:
Relative ranking or priority list of project risks

Risks grouped by categories

Causes of risk or project areas requiring particular attention

List of risks requiring response in the near-term

List of risks for additional analysis and response

Watchlist of low priority risks

Trends in qualitative risk analysis results

Incorrect Answers:
A, C, D: These are not the valid outputs for the qualitative risk analysis process.