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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2024-06-22.q384 Dumps
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Question 116

Mitigating technology risk to acceptable levels should be based PRIMARILY upon:

Correct Answer: C
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Question 117

You are the risk official of your enterprise. You have just completed risk analysis process. You noticed that the risk level associated with your project is less than risk tolerance level of your enterprise. Which of following is the MOST likely action you should take?

Correct Answer: C
Section: Volume B
Explanation:
When the risk level is less than risk tolerance level of the enterprise than no action is taken against that, because the cost of mitigation will increase over its benefits.
Incorrect Answers:
A: This is not a valid answer, as no response is being applied to such low risk level.
B: Risk register is updates after applying response, and as no response is applied to such low risk level; hence no updating is done.
D: This is not a valid answer, as no response is being applied to such low risk level.
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Question 118

You are an experienced Project Manager that has been entrusted with a project to develop a machine which produces auto components. You have scheduled meetings with the project team and the key stakeholders to identify the risks for your project. Which of the following is a key output of this process?

Correct Answer: A
Explanation/Reference:
Explanation:
The primary outputs from Identify Risks are the initial entries into the risk register. The risk register ultimately contains the outcomes of other risk management processes as they are conducted, resulting in an increase in the level and type of information contained in the risk register over time.
Incorrect Answers:
B, C, D: All these are outputs from the "Plan Risk Management" process, which happens prior to the starting of risk identification.
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Question 119

Which of the following should be a risk practitioner's NEXT action after identifying a high probability of data loss in a system?

Correct Answer: A
Section: Volume D
Explanation/Reference:
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Question 120

In which of the following risk management capability maturity levels does the enterprise takes major business decisions considering the probability of loss and the probability of reward? Each correct answer represents a complete solution. Choose two.

Correct Answer: C,D
Explanation/Reference:
Explanation:
Enterprise having risk management capability maturity level 4 and 5 takes business decisions considering the probability of loss and the probability of reward, i.e., considering all the aspects of risk.
Incorrect Answers:
A: Enterprise having risk management capability maturity level 0 takes business decisions without considering risk credential information.
B: At this low level of risk management capability the enterprise take decisions considering specific risk issues within functional and business silos (e.g., security, business continuity, operations).
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