CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. ISACA
  5. CRISC

Free CRISC Exam Braindumps (page: 29)

Page 28 of 451
PDF with 1871 Questions

Shelly is the project manager of the BUF project for her company. In this project Shelly needs to establish some rules to reduce the influence of risk bias during the qualitative risk analysis process. What method can Shelly take to best reduce the influence of risk bias?

  1. Establish risk boundaries
  2. Group stakeholders according to positive and negative stakeholders and then complete the risk analysis
  3. Determine the risk root cause rather than the person identifying the risk events
  4. Establish definitions of the level of probability and impact of risk event

Answer(s): D

Explanation:

By establishing definitions for the level of probability and impact a project manager can reduce the influence of bias.

Incorrect Answers:
A: This is not a valid statement for reducing bias in the qualitative risk analysis.

B: Positive and negative stakeholders are identified based on their position towards the project goals and objectives, not necessarily risks.

C: Root cause analysis is a good exercise, but it would not determine risk bias.



You are the IT manager in Bluewell Inc. You identify a new regulation for safeguarding the information processed by a specific type of transaction. What would be the FIRST action you will take?

  1. Assess whether existing controls meet the regulation
  2. Update the existing security privacy policy
  3. Meet with stakeholders to decide how to comply
  4. Analyze the key risk in the compliance process

Answer(s): A

Explanation:

When a new regulation for safeguarding information processed by a specific type of transaction is being identified by the IT manager, then the immediate step would be to understand the impact and requirements of this new regulation. This includes assessing how the enterprise will comply with the regulation and to what extent the existing control structure supports the compliance process. After that manager should then assess any existing gaps.

Incorrect Answers:
B, C, D: These choices are appropriate as well as important, but are subsequent steps after understanding and gap assessment.



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?

  1. Apply risk response
  2. Update risk register
  3. No action
  4. Prioritize risk response options

Answer(s): C

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.



Which of the following operational risks ensures that the provision of a quality product is not overshadowed by the production costs of that product?

  1. Information security risks
  2. Contract and product liability risks
  3. Project activity risks
  4. Profitability operational risks

Answer(s): D

Explanation:

Profitability operational risks focus on the financial risks which encompass providing a quality product that is cost-effective in production. It ensures that the provision of a quality product is not overshadowed by the production costs of that product.

Incorrect Answers:
A: Information security means protecting information and information systems from unauthorized access, use, disclosure, disruption, modification, perusal, inspection, recording or destruction. Information security risks are the risks that are associated with the protection of these information and information systems.

B: These risks do not ensure that the provision of a quality product is not overshadowed by the production costs of that product.

C: Project activity risks are not associated with provision of a quality product or the production costs of that product.






Post your Comments and Discuss ISACA CRISC exam with other Community members:

CRISC Discussions & Posts