Free Access ISACA.CRISC.v2022-05-05.q821 Practice Test (Page 136)

Question 671

A business unit is updating a risk register with assessment results for a key project. Which of the following is MOST important to capture in the register?

A.Action plans to address risk scenarios requiring treatment

B.The team that performed the risk assessment

C.An assigned risk manager to provide oversight

D.The methodology used to perform the risk assessment

Question 672

Which of the following guidelines should be followed for effective risk management?
Each correct answer represents a complete solution. Choose three.

A.Promote and support consistent performance in risk management

B.Promote fair and open communication

C.Focus on enterprise's objective

D.Balance the costs and benefits of managing risk

E.Explanation:
The primary function of the enterprise is to meet its objective. Each business activity for fulfilling
enterprise's objective carries both risk and opportunity, therefore objective should be considered
while managing risk.
Open and fair communication should me there for effective risk management. Open, accurate,
timely and transparent information on lT risk is exchanged and serves as the basis for all risk-
related decisions.
Cost-benefit analysis should be done for proper weighing the total costs expected against the total
benefits expected, which is the major aspect of risk management.

Question 673

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.Probability of achieving time and cost estimates

B.Priority list of risks

C.Watch list of low-priority risks

D.Risks grouped by categories

Question 674

Which of the following would provide the BEST evidence of an effective internal control environment/?

A.Adherence to governing policies

B.Risk assessment results

C.Regular stakeholder briefings

D.Independent audit results

Question 675

Which of the following is the MAIN reason for analyzing risk scenarios?

A.Establishing a risk appetite

B.Identifying additional risk scenarios

C.Updating the heat map

D.Assessing loss expectancy

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Question 671

Question 672

Question 673

Question 674

Question 675

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