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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Ned is the project manager of the HNN project for your company. Ned has asked you to help him complete some probability distributions for his project. What portion of the project will you most likely use for probability distributions?

• A.Bias towards risk in new resources
• B.Risk probability and impact matrixes
• C.Uncertainty in values such as duration of schedule activities
• D.Risk identification

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A monthly payment report is generated from the enterprise resource planning (ERP) software to validate data against the old and new payroll systems. What is the BEST way to mitigate the risk associated with data integrity loss in the new payroll system after data migration?

• A.Compare new system reports with functional requirements.
• B.Compare encrypted data with checksums.
• C.Compare processing output from both systems using the previous month's data.
• D.Compare results of user acceptance testing (UAT) with the testing criteria.

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An application runs a scheduled job that compiles financial data from multiple business systems and updates the financial reporting system. If this job runs too long, it can delay financial reporting. Which of the following is the risk practitioner's BEST recommendation?

• A.Implement database activity and capacity monitoring.
• B.Consider providing additional system resources to this job.
• C.Ensure the business is aware of the risk.
• D.Ensure the enterprise has a process to detect such situations.

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You are the risk control professional of your enterprise. You have implemented a tool that correlates information from multiple sources. To which of the following do this monitoring tool focuses?

• A.Transaction data
• B.Process integrity
• C.Configuration settings
• D.System changes
• E.Explanation:
  Monitoring tools that focuses on transaction data generally correlate information from one system to another, such as employee data from the human resources (HR) system with spending information from the expense system or the payroll system.

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