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  2. ISACA Certification
  3. CGEIT Exam
  4. ISACA.CGEIT.v2024-05-21.q447 Dumps
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Question 341

When evaluating the process for acquiring third-party IT resources, management identified several suppliers with repeated downtime issues impacting the enterprise. Which of the following is the BEST approach to help ensure future service delivery in accordance with business objectives?

Correct Answer: D
The best approach to help ensure future service delivery in accordance with business objectives is to implement contract monitoring, because this would enable the enterprise to measure and evaluate the performance and compliance of the third-party IT suppliers, and identify and resolve any issues or gaps that may affect the service quality, availability, and reliability. Contract monitoring should involve defining and tracking key performance indicators (KPIs), key risk indicators (KRIs), service level agreements (SLAs), and contractual obligations, and applying corrective actions or penalties when necessary12. References := ISACA, CGEIT Review Manual, 7th Edition, 2019, page 67-68.
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Question 342

An organization has decided to integrate IT risk with the enterprise risk management (ERM) framework. The FIRST step to enable this integration is to establish:

Correct Answer: A
A common risk management taxonomy is a set of terms and definitions that are used consistently across the enterprise to describe, measure, and report on risks. A common risk management taxonomy is essential for integrating IT risk with the ERM framework, as it enables a common understanding of risk concepts, categories, and levels among different stakeholders and functions. A common risk management taxonomy also facilitates the aggregation and comparison of risks across the enterprise, and supports the alignment of risk appetite and tolerance with business objectives12. : 1: Integrated Enterprise IT Risk Management (ERM) Programs - CohnReznick3 2: Introducing Risk Taxonomy - ISACA4
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Question 343

Which of the following is the MOST important benefit of effective IT governance reporting?

Correct Answer: B
According to the ISACA paper on IT Governance Reporting1, the most important benefit of effective IT governance reporting is that it helps business executives better understand IT's value contribution to the enterprise. IT governance reporting is the process of communicating relevant and reliable information about the performance, value and risk of IT to the stakeholders who are responsible for making decisions and taking actions related to IT. Effective IT governance reporting enables business executives to have a clear and comprehensive view of how IT supports and enables the achievement of the enterprise's strategy, objectives and goals. It also helps business executives to assess the alignment, efficiency and effectiveness of IT, as well as to identify and address the gaps, issues and opportunities for improvement. Effective IT governance reporting fosters trust, collaboration and accountability between business and IT, and enhances the reputation and credibility of IT within the enterprise. The other options are not as important as business executives better understanding IT's value contribution to the enterprise, as they are more related to the means or outcomes of effective IT governance reporting, rather than the benefit itself. : IT Governance Reporting
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Question 344

An IT steering committee is preparing to review proposals for projects that implement emerging technologies. In anticipation of the review, the committee should FIRST:

Correct Answer: B
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Question 345

A service provider guarantees for end-to-end network traffic performance to a customer.
Which of the following types of agreement is this?

Correct Answer: D
Section: Volume A
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