Online Access Free ISACA.CRISC.v2024-06-13.q683 Practice Test (Page 16)

CRISC Exam Question 71

You are the project manager of GHT project. You have identified a risk event on your project that could save $100,000 in project costs if it occurs. Which of the following statements BEST describes this risk event?

A.This risk event should be mitigated to take advantage of the savings.

B.This is a risk event that should be accepted because the rewards outweigh the threat to the project.

C.This risk event should be avoided to take full advantage of the potential savings.

D.This risk event is an opportunity to the project and should be exploited.

E.Explanation:
This risk event has the potential to save money on project costs, so it is an opportunity, and the appropriate strategy to use in this case is the exploit strategy. The exploit response is one of the strategies to negate risks or threats appear in a project. This strategy may be selected for risks with positive impacts where the organization wishes to ensure that the opportunity is realized. Exploiting a risk event provides opportunities for positive impact on a project. Assigning more talented resources to the project to reduce the time to completion is an example of exploit response.

CRISC Exam Question 72

Which of the following approaches will BEST help to ensure the effectiveness of risk awareness training?

A.Piloting courses with focus groups

B.Creating modules for targeted audiences

C.Reviewing content with senior management

D.Using reputable third-party training programs

CRISC Exam Question 73

A company has recently acquired a customer relationship management (CRM) application from a certified software vendor. Which of the following will BE ST help lo prevent technical vulnerabilities from being exploded?

A.Update the software with the latest patches and updates

B.Review the source coda and error reporting of the application

C.Verity me software agreement indemnifies the company from losses

D.implement code reviews and Quality assurance on a regular basis

CRISC Exam Question 74

A risk assessment has identified that departments have installed their own WiFi access points on the enterprise network. Which of the following would be MOST important to include in a report to senior management?

A.Potential business impact

B.The WiFi access point configuration

C.The network security policy

D.Planned remediation actions

CRISC Exam Question 75

Effective risk communication BEST benefits an organization by:

A.improving the effectiveness of IT controls

B.helping personnel make better informed decisions

C.increasing participation in the risk assessment process

D.assisting the development of a risk register

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