The software version of an enterprise's critical business application has reached end-of-life and is no longer supported by the vendor. IT has decided to develop an in-house replacement application. Which of the following should be the PRIMARY concern?
Answer(s): D
The primary concern when IT decides to develop an in-house replacement application for a critical business application is that the business process owner is not an active participant. The business process owner is the person who has the authority and responsibility for the business process that is supported by the application, and who understands the business requirements, objectives, and expectations of the application. The business process owner should be involved in all stages of the application development lifecycle, from planning, analysis, design, testing, implementation, to maintenance, to ensure that the application meets the business needs and delivers value. Without the active participation of the business process owner, the application development project may face risks such as scope creep, miscommunication, user dissatisfaction, poor quality, or failure.
·ISACA, Auditing IT Risk Associated With Change Management and Application Development1·ISACA, Auditing Applications, Part 12
Which of the following is a risk practitioner's BEST recommendation regarding disaster recovery management (DRM) for Software as a Service (SaaS) providers?
Answer(s): C
Availability requirements specify the expected level of service and the consequences of non- compliance. They are essential for ensuring that the SaaS provider can meet the business continuity and disaster recovery needs of the customer. Codifying them in the contract creates a clear and enforceable agreement that protects both parties.References·ISACA CRISC Review Manual, 7th Edition, Domain 3: Risk Response, Section 3.2.3:Business Continuity and Disaster Recovery·Guideline for Completing Disaster Recovery Plans for SaaS and PaaS Applications (Yale- MSS-3.1 GD.02)·How to Build a SaaS Disaster Recovery Plan | Acsense
Which of the following BEST describes the role of the IT risk profile in strategic IT-related decisions?
An IT risk profile is a document that summarizes the IT-related risks that an organization faces, as well as the information and actions related to those risks, such as the risk description, assessment, response, status, and owner. An IT risk profile is a valuable tool for managing and communicating IT risks and their impact on the organization's objectives and operations. The best description of the role of the IT risk profile in strategic IT-related decisions is that it helps assess the effects of IT decisions on risk exposure. This means that the IT risk profile can help toevaluate the potential consequences and implications of different IT choices or actions on the level and nature of the IT risks that the organization faces. The IT risk profile can also help to identify and address the gaps or opportunities for improvement in the IT risk management process and performance. The other options are not the best descriptions of the role of the IT risk profile in strategic IT-related decisions, although they may be related or beneficial. Comparing performance levels of IT assets to value delivered is a technique to measure and optimize the efficiency and effectiveness of the IT resources and activities that support the organization's goals and needs. However, this technique does not necessarily involve the IT risk profile, as it focuses on the output and outcome of the IT assets, not the input and impact of the IT risks. Facilitating the alignment of strategic IT objectives to business objectives is a technique toensure that the IT strategy and plans are consistent and compatible with the organization's vision, mission, strategy, and objectives. However, this technique does not depend on the IT risk profile, as it focuses on the direction and purpose of the IT objectives, not the probability and threat of the IT risks. Providing input to business managers when preparing a business case for new IT projects is a technique to support and justify the initiation and implementation of new IT initiatives that can create value or solve problems for the organization. However, this technique does not require the IT risk profile, as it focuses on the cost and benefit of the IT projects, not the risk and response of the IT risks. References = CRISC Review Manual, pages 38-391; CRISC Review Questions, Answers & Explanations Manual, page 962; IT Risk Management Guide for 2022 | CIO Insight3; IT Risk Management Process, Frameworks & Templates4
Following a significant change to a business process, a risk practitioner believes the associated risk has been reduced. The risk practitioner should advise the risk owner to FIRST
Answer(s): B
Following a significant change to a business process, the risk practitioner should advise the risk owner to first conduct a risk analysis to evaluate the current level of risk exposure and compare it with the previous level. This will help to verify whether the change has indeed reduced the risk, and by how much. The risk analysis will also help to identify any new or residual risks that may have emerged as a result of the change. The other options are not the first actions to take, but rather the subsequent steps after conducting a risk analysis. Reviewing the key risk indicators, updating the risk register, and reallocating risk response resources are all important activities, but they depend on the outcome of the risk analysis. References = CRISC EXAM TOPIC 2 LONG; CRISC Q&A Domain 1; Managing Change Risk - Oliver Wyman
Which of the following BEST facilities the alignment of IT risk management with enterprise risk management (ERM)?
The best way to facilitate the alignment of IT risk management with enterprise risk management (ERM) is to link IT risk scenarios to enterprise strategy, because this ensures that the IT risks are considered in the context of the enterprise's mission, vision, and goals. Linking IT risk scenarios to enterprise strategy also helps to prioritize the IT risks based on their impact and relevance to the enterprise's objectives, and to select the appropriate risk responses and resources. The other options are not the best ways to facilitate the alignment of IT risk management with ERM, because they do not address the integration or alignment of the IT and enterprise perspectives. Adopting qualitative or quantitative enterprise risk assessment methods, and linking IT risk scenarios to technology objectives are examples of techniques or tools that can be used to perform IT risk management or ERM, but they do not ensure the alignment or consistency of the two processes. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 1, Section 1.2.3, p. 22.
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