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  1. Home
  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2022-04-29.q944 Dumps
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Question 36

Which of the following is MOST important to include when identifying risk scenarios for inclusion in a risk review of a third-party service provider?

Correct Answer: D
Section: Volume D
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Question 37

What activity should be done for effective post-implementation reviews during the project?

Correct Answer: A
Explanation/Reference:
Explanation:
For effective post-implementation review the business measurements up front is established during the project.
Incorrect Answers:
B: Executing sufficient number of business cycles in the new system is done after the completion of the project.
C, D: Identifying the information to be reviewed and information collected during each stage of project is done in pre-project phase and not during project for effective post-implementation review.
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Question 38

The GREATEST concern when maintaining a risk register is that:

Correct Answer: A
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Question 39

You are the risk professional in Bluewell Inc. You have identified a risk and want to implement a specific risk mitigation activity. What you should PRIMARILY utilize?

Correct Answer: B
Section: Volume C
Explanation:
As business case includes business need (like new product, change in process, compliance need, etc.) and the requirements of the enterprise (new technology, cost, etc.), risk professional should utilize this for implementing specific risk mitigation activity. Risk professional must look at the costs of the various controls and compare them against the benefits that the organization will receive from the risk response. Hence he/she needs to have knowledge of business case development to illustrate the costs and benefits of the risk response.
Incorrect Answers:
A, C, D: These all options are supplemental.
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Question 40

Which of the following guidelines should be followed for effective risk management?
Each correct answer represents a complete solution. Choose three.

Correct Answer: B,C,D
Section: Volume B
Explanation:
The primary function of the enterprise is to meet its objective. Each business activity for fulfilling enterprise's objective carries both risk and opportunity, therefore objective should be considered while managing risk.
Open and fair communication should me there for effective risk management. Open, accurate, timely and transparent information on lT risk is exchanged and serves as the basis for all risk-related decisions.
Cost-benefit analysis should be done for proper weighing the total costs expected against the total benefits expected, which is the major aspect of risk management.
Incorrect Answers:
A: For effective risk management, there should be continuous improvement, not consistent. Because of the dynamic nature of risk, risk management is an iterative, perpetual and ongoing process; that's why, continuous improvement is required.
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