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Prepare CRISC Exam Questions [2023] Recently Updated Questions

NEW QUESTION # 226
You are the project manager of GHT project. You want to perform post-project review of your project. What is the BEST time to perform post-project review by you and your project development team to access the effectiveness of the project?

• A. Project is about to complete
• B. Immediately after the completion of the project
• C. Project is completed and the system has been in production for a sufficient time period
• D. During the project

Answer: C

Explanation:
Explanation/Reference:
Explanation:
The project development team and appropriate end users perform a post-project review jointly after the project has been completed and the system has been in production for a sufficient time period to assess its effectiveness.
Incorrect Answers:
B: The post-project review of project for accessing effectiveness cannot be done during the project as effectiveness can only evaluated after setting the project in process of production.
C: It is not done immediately after the completion of the project as its effectiveness cannot be measured until the system has been in production for certain time period.
D: Post-project review for evaluating the effectiveness of the project can only be done after the completion of the project and the project is in production phase.

NEW QUESTION # 227
When defining thresholds for control key performance indicators (KPIs), it is MOST helpful to align:

• A. the control key performance indicators (KPIs) with audit findings
• B. key risk indicators (KRIs) with risk appetite of the business
• C. information risk assessments with enterprise risk assessments
• D. control performance with risk tolerance of business owners

Answer: A

NEW QUESTION # 228
What is the value of exposure factor if the asset is lost completely?

• A. 0
• B. Explanation:
  Exposure Factor represents the impact of the risk over the asset, or percentage of asset lost. For
  example, if the Asset Value is reduced to two third, the exposure factor value is 0.66.
  Therefore, when the asset is completely lost, the Exposure Factor is 1.0.
• C. 1
• D. 2
• E. Infinity

Answer: A

Explanation:
D, and C are incorrect. These are not the values of exposure factor for zero assets.

NEW QUESTION # 229
Which of the following practices would be MOST effective in protecting personality identifiable information (Ptl) from unauthorized access m a cloud environment?

• A. Utilize encryption with logical access controls
• B. Apply data classification policy
• C. Obtain the right to audit
• D. Require logical separation of company data

Answer: A

NEW QUESTION # 230
Which of the following is the BEST source for identifying key control indicators (KCIs)?

• A. A list of critical security processes
• B. Controls mapped to organizational risk scenarios
• C. Privileged user activity monitoring controls
• D. Recent audit findings of control weaknesses

Answer: B

NEW QUESTION # 231
Which of the following is the MOST important aspect to ensure that an accurate risk register is maintained?

• A. Perform regular audits by audit personnel and maintain risk register
• B. Submit the risk register to business process owners for review and updating
• C. Monitor key risk indicators, and record the findings in the risk register
• D. Publish the risk register in a knowledge management platform with workflow features that periodically contacts and polls risk assessors to ensure accuracy of content

Answer: D

Explanation:
Explanation/Reference:
Explanation:
A knowledge management platform with workflow and polling feature will automate the process of maintaining the risk registers. Hence this ensures that an accurate and updated risk register is maintained.
Incorrect Answers:
B: Audit personnel may not have the appropriate business knowledge in risk assessment, hence cannot properly identify risk. Regular audits may also cause hindrance to the business activities.
C: Business process owners typically cannot effectively identify risk to their business processes. They may not have the ability to be unbiased and may not have the appropriate skills or tools for evaluating risks.
D: Monitoring key risk indicators, and record the findings in the risk register will only provide insights to known and identified risk and will not account for obscure risk, i.e. , risk that has not been identified yet.

NEW QUESTION # 232
You are the project manager of HJT project. Important confidential files of your project are stored on a computer. Keeping the unauthorized access of this computer in mind, you have placed a hidden CCTV in the room, even on having protection password. Which kind of control CCTV is?

• A. Administrative control
• B. Management control
• C. Technical control
• D. Explanation:
  CCTV is a physical control. Physical controls protect the physical environment. They include basics such as locks to protect access to secure areas. They also include environmental controls. This section presents the following examples of physical controls: Locked doors, guards, access logs, and closed-circuit television Fire detection and suppression Temperature and humidity detection Electrical grounding and circuit breakers Water detection
• E. Physical control

Answer: E

Explanation:
A, and D are incorrect. CCTV is a physical control.

NEW QUESTION # 233
Which of the following is the first MOST step in the risk assessment process?

• A. Identification of threat sources
• B. Identification of vulnerabilities
• C. Identification of assets
• D. Identification of threats

Answer: C

Explanation:
Section: Volume A
Explanation
Explanation:
Asset identification is the most crucial and first step in the risk assessment process. Risk identification, assessment and evaluation (analysis) should always be clearly aligned to assets. Assets can be people, processes, infrastructure, information or applications.

NEW QUESTION # 234
You are the project manager for GHT project. You need to perform the Qualitative risk analysis process.
When you have completed this process, you will produce all of the following as part of the risk register update output except which one?

• A. Priority list of risks
• B. Probability of achieving time and cost estimates
• C. Watch list of low-priority risks
• D. Risks grouped by categories

Answer: B

Explanation:
Explanation/Reference:
Explanation:
Probability of achieving time and cost estimates is an update that is produced from the Quantitative risk analysis process. In Qualitative risk analysis probability of occurrence of a specific risk is identified but not of achieving time and cost estimates.

NEW QUESTION # 235
Which of the following is the GREATEST risk associated with using unmasked data for testing purposes?

• A. Accountability
• B. Confidentiality
• C. Availability
• D. Integrity

Answer: B

Explanation:
Section: Volume D

NEW QUESTION # 236
Which of the following would BEST help an enterprise define and communicate its risk appetite?

• A. Gap analysis
• B. Risk register
• C. Risk assessment
• D. Heat map

Answer: D

NEW QUESTION # 237
You have been assigned as the Project Manager for a new project that involves development of a new interface for your existing time management system. You have completed identifying all possible risks along with the stakeholders and team and have calculated the probability and impact of these risks. Which of the following would you need next to help you prioritize the risks?

• A. Explanation:
  Risk rating rules define how to prioritize risks after the related probability and impact values are calculated. These are generally included in the organizational process assets and are refined for individual projects.
• B. Risk categories
• C. Project Network Diagram
• D. Affinity Diagram
• E. Risk rating rules

Answer: E

Explanation:
is incorrect. Affinity Diagram is a method of group creativity technique to collect requirements which allows large numbers of ideas to be sorted into groups for review and analysis. This is generally used in Scope Management and not applicable to this option D is incorrect. Risk categories are an output of the Perform Qualitative Risk Analysis process and not a tool to complete the process. Answer: C is incorrect. A Project Network diagram shows the sequencing and linkage between various project tasks and is not applicable to this

NEW QUESTION # 238
Which of the following processes is described in the statement below?
"It is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions."

• A. IRGC
• B. Explanation:
  Risk communication is the process of exchanging information and views about risks among stakeholders, such as groups, individuals, and institutions. Risk communication is mostly concerned with the nature of risk or expressing concerns, views, or reactions to risk managersor institutional bodies for risk management. The key plan to consider and communicate risk is to categorize and impose priorities, and acquire suitable measures to reduce risks. It is important throughout any crisis to put across multifaceted information in a simple and clear manner. Risk communication helps in switching or allocating the information concerning risk among the decision-maker and the stakeholders. Risk communication can be explained more clearly with the help of the following definitions: It defines the issue of what a group does, not just what it says. It must take into account the valuable element in user's perceptions of risk. It will be more valuable if it is thought of as conversation, not instruction. Risk communication is a fundamental and continuing element of the risk analysis exercise, and the involvement of the stakeholder group is from the beginning. It makes the stakeholders conscious of the process at each phase of the risk assessment. It helps to guarantee that the restrictions, outcomes, consequence, logic, and risk assessment are undoubtedly understood by all the stakeholders.
• C. Risk communication
• D. Risk response planning
• E. Risk governance

Answer: B,C

Explanation:
is incorrect. Risk response is a process of deciding what measures should be taken to reduce threats and take advantage ofthe opportunities discovered during the risk analysis processes. This process also includes assigning departments or individual staff members the responsibility of carrying out the risk response plans and these folks are known as risk owners. The prioritization of the risk responses and development of the risk response plan is based on following parameters: Cost of the response to reduce risk within tolerance levels Importance of the risk Capability to implement the response Effectiveness and efficiency of the response Risk prioritization strategy is used to create a risk response plan and implementation schedule because all risk cannot be addressed at the same time. It may take considerable investment of time and resources to address all the risk identified in the risk analysis process. Risk with a greater likelihood and impact on the enterprise will prioritized above other risk that is considered less likely or lay less impact. Answer: A is incorrect. Risk governance is a systemic approach to decision making processes associated to natural and technological risks. It is based on the principles of cooperation, participation, mitigation and sustainability, and is adopted to achieve more effective risk management. It seeks to reduce risk exposure and vulnerability by filling gaps in risk policy, in order to avoid or reduce human and economic costs caused by disasters. Risk governance is a continuous life cycle that requires regular reporting and ongoing review. The risk governance function must oversee the operations of the risk management team. Answer: B is incorrect. The International Risk Governance Council (IRGC) is a self-governing organization whose principle is to facilitate the understanding and managing the rising overall risks that have impacts on the economy and society, human health and safety, the environment at large. IRGC's effort is to build and develop concepts of risk governance, predict main risk issues and present risk governance policy recommendations for the chief decision makers. IRGC mainly
emphasizes on rising, universal risks for which governance deficits exist.
Its goal is to present recommendations for how policy makers can correct them. IRGC models at
constructing strong, integrative inter-disciplinary governance models for up-coming and existing
risks.

NEW QUESTION # 239
Which of the following is the MAIN reason for analyzing risk scenarios?

• A. Updating the heat map
• B. Identifying additional risk scenarios
• C. Assessing loss expectancy
• D. Establishing a risk appetite

Answer: B

Explanation:
Section: Volume D

NEW QUESTION # 240
Which of the following will be MOST effective in uniquely identifying the originator of electronic transactions?

• A. Multifactor authentication
• B. Edit checks
• C. Digital signature
• D. Encryption

Answer: C

NEW QUESTION # 241
Which of the following is the BEST approach when a risk practitioner has been asked by a business unit manager for special consideration during a risk assessment of a system?

• A. Recommend an internal auditor perform the review.
• B. Report the business unit manager for a possible ethics violation.
• C. Conduct an abbreviated version of the assessment.
• D. Perform the assessment as it would normally be done.

Answer: B

NEW QUESTION # 242
When a risk cannot be sufficiently mitigated through manual or automatic controls, which of the following options will BEST protect the enterprise from the potential financial impact of the risk?

• A. Improving staff-training in the risk area
• B. Insuring against the risk
• C. Outsourcing the related business process to a third party
• D. Updating the IT risk registry
• E. Explanation:
  An insurance policy can compensate the enterprise up to 100% by transferring the risk to another company. Hence in this stem risk is being transferred.

Answer: B

Explanation:
is incorrect. Updating the risk registry (with lower values for impact and probability) will not actually change the risk, only management's perception of it. Answer:D is incorrect. Staff capacity to detect or mitigate the risk may potentially reduce the financial impact, but insurance allows for the risk to be mitigated up to 100%. Answer:C is incorrect. Outsourcing the process containing the risk does not necessarily remove or change the risk. While on other hand, insurance will completely remove the risk.

NEW QUESTION # 243
Which of the following is MOST important to the integrity of a security log?

• A. Ability to overwrite
• B. Inability to edit
• C. Least privilege access
• D. Encryption

Answer: B

NEW QUESTION # 244
You are the project manager of GHT project. A risk event has occurred in your project and you have identified it. Which of the following tasks you would do in reaction to risk event occurrence? Each correct answer represents a part of the solution. Choose three.

• A. Communicate lessons learned from risk events
• B. Monitor risk
• C. Maintain and initiate incident response plans
• D. Update risk register

Answer: A,B,C

Explanation:
Explanation/Reference:
Explanation:
When the risk events occur then following tasks have to done to react to it:
Maintain incident response plans

Monitor risk

Initiate incident response

Communicate lessons learned from risk events

Incorrect Answers:
C: Risk register is updated after applying appropriate risk response and at the time of risk event occurrence.

NEW QUESTION # 245
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The CRISC certification is a valuable designation that demonstrates an individual's expertise in risk management and information security. It is highly regarded by employers and can lead to increased job opportunities and salary advancement in the information technology field.

 

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