[Dec 25, 2023] CRISC Practice Exam Dumps – 99% Marks In ISACA Exam [Q344-Q358]

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[Dec 25, 2023] CRISC Practice Exam Dumps – 99% Marks In ISACA Exam

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

The CRISC certification exam is designed for IT professionals, including IT risk managers, information security professionals, business analysts, and project managers. Certified in Risk and Information Systems Control certification exam covers four domains: IT risk identification, IT risk assessment, risk response and mitigation, and IS control design and implementation. CRISC exam consists of 150 multiple-choice questions, and candidates have four hours to complete the exam. To earn the CRISC certification, candidates must pass the exam and have at least three years of relevant work experience in IT risk management and IS control.

NEW QUESTION 344
Which of the following would require updates to an organization’s IT risk register?

Discovery of an ineffectively designed key IT control

Management review of key risk indicators (KRls)

Changes to the team responsible for maintaining the register

Completion of the latest internal audit

NEW QUESTION 345
You are the project manager for TTP project. You are in the Identify Risks process. You have to create the risk register. Which of the following are included in the risk register?
Each correct answer represents a complete solution. (Choose two.)

List of potential responses

List of key stakeholders

List of mitigation techniques

List of identified risks

Section: Volume C
Explanation:
Risk register primarily contains the following:
* List of identified risks: A reasonable description of the identified risks is noted in the risk register. The description includes event, cause, effect, impact related to the risks identified. In addition to the list of identified risks, the root causes of those risks may appear in the risk register.
* List of potential responses: Potential responses to a risk may be identified during the Identify Risks process.
These responses are useful as inputs to the Plan Risk Responses process.
Incorrect Answers:
B: This is not a valid content of 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.
C: Risk register do contain the summary of mitigation, but only after the applying risk response. Here in this scenario you are in risk identification phase, hence mitigation techniques cannot be documented at this situation.

NEW QUESTION 346
Which of the following describes the relationship between Key risk indicators (KRIs) and key control indicators (KCIS)?

KCIs are independent from KRIs KRIs.

KCIs and KRIs help in determining risk appetite.

KCIs are defined using data from KRIs.

KCIs provide input for KRIs

NEW QUESTION 347
The PRIMARY objective for requiring an independent review of an organization’s IT risk management process should be to:

assess gaps in IT risk management operations and strategic focus.

confirm that IT risk assessment results are expressed as business impact.

verify implemented controls to reduce the likelihood of threat materialization.

ensure IT risk management is focused on mitigating potential risk.

NEW QUESTION 348
Which of the following controls will BEST detect unauthorized modification of data by a database administrator?

Reviewing database access rights

Reviewing changes to edit checks

Comparing data to input records

Reviewing database activity logs

Section: Volume D

NEW QUESTION 349
What are the three PRIMARY steps to be taken to initialize the project?
Each correct answer represents a complete solution. Choose all that apply.

Conduct a feasibility study

Define requirements

Acquire software

Plan risk management

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.

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

NEW QUESTION 350
What can be determined from the risk scenario chart?

The multiple risk factors addressed by a chosen response

Relative positions on the risk map

Capability of enterprise to implement

Risk treatment options

Section: Volume D

NEW QUESTION 351
An organization uses a vendor to destroy hard drives. Which of the following would BEST reduce the risk of data leakage?

Require the vendor to degauss the hard drives

Implement an encryption policy for the hard drives.

Require confirmation of destruction from the IT manager.

Use an accredited vendor to dispose of the hard drives.

NEW QUESTION 352
It is MOST important to the effectiveness of an IT risk management function that the associated processes are:

aligned to an industry-accepted framework.

reviewed and approved by senior management.

periodically assessed against regulatory requirements.

updated and monitored on a continuous basis.

NEW QUESTION 353
Which of the following individuals is responsible for identifying process requirements, approving process design and managing process performance?

Business process owner

Risk owner

Chief financial officer

Chief information officer

Explanation/Reference:
Explanation:
Business process owners are the individuals responsible for identifying process requirements, approving process design and managing process performance. In general, a business process owner must be at an appropriately high level in the enterprise and have authority to commit resources to process-specific risk management activities.
Incorrect Answers:
B: Risk owner for each risk should be the person who has the most influence over its outcome. Selecting the risk owner thus usually involves considering the source of risk and identifying the person who is best placed to understand and implement what needs to be done.
C: Chief financial officer is the most senior official of the enterprise who is accountable for financial planning, record keeping, investor relations and financial risks.
D: Chief information officer is the most senior official of the enterprise who is accountable for IT advocacy; aligning IT and business strategies; and planning, resourcing and managing the delivery of IT services and information and the deployment of associated human resources.

NEW QUESTION 354
A risk practitioner has learned that an effort to implement a risk mitigation action plan has stalled due to lack of funding. The risk practitioner should report that the associated risk has been:

mitigated

accepted

avoided

deferred

NEW QUESTION 355
You are the project manager of GHT project. You want to perform post-project review of your project. What is the BEST time to perform post-project review by you and your project development team to access the effectiveness of the project?

Project is completed and the system has been in production for a sufficient time period

During the project

Immediately after the completion of the project

Project is about to complete

Explanation/Reference:
Explanation:
The project development team and appropriate end users perform a post-project review jointly after the project has been completed and the system has been in production for a sufficient time period to assess its effectiveness.
Incorrect Answers:
B: The post-project review of project for accessing effectiveness cannot be done during the project as effectiveness can only evaluated after setting the project in process of production.
C: It is not done immediately after the completion of the project as its effectiveness cannot be measured until the system has been in production for certain time period.
D: Post-project review for evaluating the effectiveness of the project can only be done after the completion of the project and the project is in production phase.

NEW QUESTION 356
After the implementation of Internet of Things (IoT) devices, new risk scenarios were identified. What is the PRIMARY reason to report this information to risk owners?

To reevaluate continued use of IoT devices.

To recommend changes to the IoT policy.

To confirm the impact to the risk profile.

To add new controls to mitigate the risk.

Section: Volume D

NEW QUESTION 357
An identified high probability risk scenario involving a critical, proprietary business function has an annualized cost of control higher than the annual loss expectancy. Which of the following is the BEST risk response?

Avoid

Transfer

Mitigate

Section: Volume D
Explanation

NEW QUESTION 358
An organization is considering modifying its system to enable acceptance of credit card payments. To reduce the risk of data exposure, which of the following should the organization do FIRST?

Implement additional controls

Conduct a risk assessment

Update the risk register

Update the security strategy

Section: Volume D

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The CRISC certification exam is a challenging but rewarding experience for IT professionals who want to demonstrate their knowledge and expertise in IT risk management and information systems control. By passing the exam and earning the certification, professionals can boost their career prospects and demonstrate their commitment to excellence in the field of IT risk management.

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