Free Access ISACA.CRISC.v2024-09-11.q999 Practice Test (Page 103)

Question 506

Which of the following BEST describes the role of the IT risk profile in strategic IT-related decisions?

A.It compares performance levels of IT assets to value delivered.

B.It helps assess the effects of IT decisions on risk exposure

C.It facilitates the alignment of strategic IT objectives to business objectives.

D.It provides input to business managers when preparing a business case for new IT projects.

Question 507

Which of the following criteria for assigning owners to IT risk scenarios provides the GREATEST benefit to an organization?

A.The risk owner understands the effect of loss events on business operations.

B.The risk owner is a member of senior leadership in the IT organization.

C.The risk owner has strong technical aptitude across multiple business systems.

D.The risk owner has extensive risk management experience.

Question 508

Which of the following is true for Cost Performance Index (CPI)?

A.If the CPI > 1, it indicates better than expected performance of project

B.CPI = Earned Value (EV) * Actual Cost (AC)

C.It is used to measure performance of schedule

D.If the CPI = 1, it indicates poor performance of project

E.Explanation:
Cost performance index (CPI) is used to calculate performance efficiencies of project. It is used in
trend analysis to predict future performance. CPI is the ratio of earned value to actual cost.
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the
value is less than 1, it shows poor performance.

F.is incorrect. Cost performance index (CPI) is used to calculate performance efficiencies
of project and not its schedule.

G.is incorrect. CPI is the ratio of earned value to actual cost, i.e., CPI = Earned Value
(EV) / Actual Cost (AC).

Question 509

Which of the following is a drawback in the use of quantitative risk analysis?

A.It produces the results in numeric form.

B.It is based on impact analysis of information assets.

C.It assigns numeric values to exposures of assets.

D.It requires more resources than other methods

Question 510

You are the risk professional of your enterprise. You have performed cost and benefit analysis of control that you have adopted. What are all the benefits of performing cost and benefit analysis of control? Each correct answer represents a complete solution. Choose three.

A.It helps in determination of the cost of protecting what is important

B.It helps in taking risk response decisions

C.It helps in providing a monetary impact view of risk

D.It helps making smart choices based on potential risk mitigation costs and losses

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Question 506

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