Free Access ISACA.CRISC.v2022-05-05.q821 Practice Test (Page 37)

Question 176

You are the project manager of GRT project. You discovered that by bringing on more qualified resources or by providing even better quality than originally planned, could result in reducing the amount of time required to complete the project. If your organization seizes this opportunity it would be an example of what risk response?

A.Enhance

B.Exploit

C.Accept

D.Share

E.Explanation:
Exploit response is one of the strategies to negate risks or threats that appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities forpositive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.

Question 177

You are the IT manager in Bluewell Inc. You identify a new regulation for safeguarding the information processed by a specific type of transaction. What would be the FIRST action you will take?

A.Assess whether existing controls meet the regulation

B.Update the existing security privacy policy

C.Meet with stakeholders to decide how to comply

D.Analyze the key risk in the compliance process

Question 178

The BEST way to determine the likelihood of a system availability risk scenario is by assessing the:

A.availability of fault tolerant software

B.strategic plan for business growth

C.vulnerability scan results of critical systems

D.redundancy of technical infrastructure

Question 179

Which of the following risk management practices BEST facilitates the incorporation of IT risk scenarios into the enterprise-wide risk register?

A.Risk appetites for IT risk scenarios are approved by key business stakeholders.

B.IT risk scenarios are assessed by the enterprise risk management team

C.Key risk indicators (KRls) are developed for key IT risk scenarios

D.IT risk scenarios are developed in the context of organizational objectives.

Question 180

Which of the following data would be used when performing a business impact analysis (BIA)?

A.Cost of regulatory compliance

B.Expected costs for recovering the business

C.Cost-benefit analysis of running the current business

D.Projected impact of current business on future business

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Question 177

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