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  2. ISACA Certification
  3. CRISC Exam
  4. ISACA.CRISC.v2024-06-22.q384 Dumps
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Question 216

Which of the following would BEST ensure that identified risk scenarios are addressed?

Correct Answer: A
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Question 217

Which of the following is BEST described by the definition below?
"They are heavy influencers of the likelihood and impact of risk scenarios and should be taken into account during every risk analysis, when likelihood and impact are assessed."

Correct Answer: B
Section: Volume C
Explanation:
Risk factors are those features that influence the likelihood and/or business impact of risk scenarios. They have heavy influences on probability and impact of risk scenarios. They should be taken into account during every risk analysis, when likelihood and impact are assessed.
Incorrect Answers:
A: The enterprise must consider risk that has not yet occurred and should develop scenarios around unlikely, obscure or non-historical events.
Such scenarios can be developed by considering two things:
* Visibility
* Recognition
For the fulfillment of this task enterprise must:
* Be in a position that it can observe anything going wrong
* Have the capability to recognize an observed event as something wrong C: A risk analysis involves identifying the most probable threats to an organization and analyzing the related vulnerabilities of the organization to these threats. A risk from an organizational perspective consists of:
* Threats to various processes of organization.
* Threats to physical and information assets.
* Likelihood and frequency of occurrence from threat.
* Impact on assets from threat and vulnerability.
Risk analysis allows the auditor to do the following tasks:
* Identify threats and vulnerabilities to the enterprise and its information system.
* Provide information for evaluation of controls in audit planning.
* Aids in determining audit objectives.
* Supporting decision based on risks.
D: A risk event represents the situation where you have a risk that only occurs with a certain probability and where the risk itself is represented by a specified distribution.
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Question 218

The number of tickets to rework application code has significantly exceeded the established threshold. Which of the following would be the risk practitioner s BEST recommendation?

Correct Answer: C
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Question 219

Which of the following is the BEST indication of a mature organizational risk culture?

Correct Answer: D
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Question 220

Jane, the Director of Sales, contacts you and demands that you add a new feature to the software your project team is creating for the organization. In the meeting she tells you how important the scope change would be. You explain to her that the software is almost finished and adding a change now could cause the deliverable to be late, cost additional funds, and would probably introduce new risks to the project. Jane stands up and says to you, "I am the Director of Sales and this change will happen in the project." And then she leaves the room. What should you do with this verbal demand for a change in the project?

Correct Answer: C
Explanation/Reference:
Explanation:
This is a verbal change request, and verbal change requests are never implemented. They introduce risk and cannot be tracked in the project scope. Change requests are requests to expand or reduce the project scope, modify policies, processes, plans, or procedures, modify costs or budgets or revise schedules.
These requests for a change can be direct or indirect, externally or internally initiated, and legally or contractually imposed or optional. A Project Manager needs to ensure that only formally documented requested changes are processed and only approved change requests are implemented.
Incorrect Answers:
A: Including the verbal change request circumvents the project's change control system.
B: Directing the project team to include the change request if they have time is not a valid option. The project manager and the project team will have all of the project team already accounted for so there is no extra time for undocumented, unapproved change requests.
D: You may want to report Jane to the project sponsor, but you are not obligated to include the verbal change request.
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