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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-04-29.q944 Dumps
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Question 321

In which of the following risk management capability maturity levels risk appetite and tolerance are applied only during episodic risk assessments?

Correct Answer: D
Section: Volume D
Explanation:
An enterprise's risk management capability maturity level is 1 when:
* There is an understanding that risk is important and needs to be managed, but it is viewed as a technical issue and the business primarily considers the downside of IT risk.
* Any risk identification criteria vary widely across the enterprise.
* Risk appetite and tolerance are applied only during episodic risk assessments.
* Enterprise risk policies and standards are incomplete and/or reflect only external requirements and lack defensible rationale and enforcement mechanisms.
* Risk management skills exist on an ad hoc basis, but are not actively developed.
* Ad hoc inventories of controls that are unrelated to risk are dispersed across desktop applications.
Incorrect Answers:
A: In level 3 of risk management capability maturity model, local tolerances drive the enterprise risk tolerance.
B: In level 2 of risk management capability maturity model, risk tolerance is set locally and may be difficult to aggregate.
C: In level 4 of risk management capability maturity model, business risk tolerance is reflected by enterprise policies and standards reflect.
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Question 322

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?

Correct Answer: B
Explanation/Reference:
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 for positive impact on a project.
Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.
Incorrect Answers:
A: The enhance strategy closely watches the probability or impact of the risk event to assure that the organization realizes the benefits. The primary point of this strategy is to attempt to increase the probability and/or impact of positive C: Risk acceptance means that no action is taken relative to a particular risk; loss is accepted if it occurs.
D: The share strategy is similar as transfer because in this a portion of the risk is shared with an external organization or another internal entity.
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Question 323

Using which of the following one can produce comprehensive result while performing qualitative risk analysis?

Correct Answer: A
is incorrect. Cost and benefit analysis is used for taking financial decisions that can be formal or informal, such as appraisal of any project or proposal. The approach weighs the total cost against the benefits expected, and then identifies the most profitable option. It only decides what type of control should be applied for effective risk management. Answer: D and C are incorrect. These are not sufficient for producing detailed result.
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Question 324

A control owner identifies that the organization's shared drive contains personally identifiable information (Pll) that can be accessed by all personnel. Which of the following is the MOST effective risk response?

Correct Answer: D
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Question 325

The FIRST task when developing a business continuity plan should be to:

Correct Answer: A
Section: Volume D
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