Online Access Free IT-Risk-Fundamentals Exam Questions

Risk maps can help to develop common profiles in order to identify which of the following?

• A.Risk response activities that can be made more efficient
• B.Risk remediation activities that have sufficient budget
• C.Risk that has clearly identified and assigned ownership

Which of the following are KEY considerations when selecting the best risk response for a given situation?

• A.Cost of the response and capability to implement
• B.Previous risk response strategies and action plans
• C.Alignment with risk policy and industry standards

Which of the following is MOST important to include when developing a business case for a specific risk response?

• A.Communication and status reporting of the related risk
• B.Stakeholders responsible for the risk response plan
• C.A justification for the expense of the investment

Which of the following is MOST important to ensure when developing key risk indicators (KRIs)?

• A.The KRIs can be added to the risk dashboard report.
• B.KRIs can be applied to multiple risk events.
• C.Each KRI is linked to a specific risk event.

How does an enterprise decide how much risk it is willing to take to meet its business objectives?

• A.By conducting research on industry standards for acceptable risk based on similar businesses
• B.By identifying the risk conditions of the business and the impact of the loss if these risks materialize
• C.By surveying business initiatives to determine what risks would cease their operations