Isaca Updated CRISC Exam Questions and Answers by audrey

To help identify high-risk situations, an organization should continuously monitor the environment, as it can help to detect and respond to any changes or emerging risks that may affect the organization’s objectives and strategy. Continuous monitoring can also provide timely and relevant feedback and information to the decision-makers and stakeholders, and enable them to adjust the risk strategy and response actions accordingly. Continuous monitoring can also help to ensure that the risk management process is aligned with the organization’s risk appetite and tolerance, and supports the achievement of the organization’s goals and value creation. References = ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, Question 243. CRISC: Certified in Risk & Information Systems Control Sample Questions, Question 243. CRISC Sample Questions 2024, Question 243.

A treatment plan status is a report that shows the current status and progress of the risk mitigation actions and activities that are implemented to reduce the risk exposure of the organization. A treatment plan status would provide the most useful information to a risk owner when reviewing the progress of risk mitigation, as it can help to monitor and evaluate the performance and effectiveness of the risk controls, and to identify and address any issues or gaps that may arise during the implementation. A treatment plan status can also provide feedback and information to the risk owners and stakeholders, and enable them to adjust the risk strategy and response actions accordingly. References = CRISC: Certified in Risk & Information Systems Control Sample Questions, Question 257. CRISC Sample Questions 2024, Question 257. ISACA Certified in Risk and Information Systems Control (CRISC) Certification Exam Question and Answers, Question 257. CRISC by Isaca Actual Free Exam Q&As, Question 9.

The best tool for communicating strategic risk priorities is a heat map. A heat map is a graphical representation of the risk profile of an enterprise, showing the likelihood and impact of various risks on a matrix. A heat map can help to highlight the most significant risks that require attention, as well as the risk appetite and tolerance levels of the enterprise. A heat map can also facilitate the comparison of risks across different business units, processes, or objectives, and enable the communication of risk information to stakeholders in a clear and concise manner. References = Risk and Information Systems Control Study Manual, 7th Edition, Chapter 5, Section 5.3.1, page 240.

A risk treatment plan typically includes the following elements2:

Risk description: A brief summary of the risk, its causes, and its consequences.

Risk owner: The person or entity who is responsible for managing the risk and implementing the risk treatment plan.

Risk response: The strategy or method chosen to deal with the risk, such as avoid, reduce, transfer, or accept.

Risk actions: The specific tasks or steps that need to be performed to execute the risk response.

Risk resources: The human, financial, technical, or other resources that are required or available to support the risk actions.

Risk timeline: The schedule or deadline for completing the risk actions and achieving the desired risk level.

By recommending a risk treatment plan, the risk practitioner can help the organization to:

Analyze and prioritize the vulnerabilities detected on the systems, and determine their impact and likelihood.

Evaluate and compare the possible risk responses, and select the most suitable and feasible one for each vulnerability.

Define and assign the roles and responsibilities for the risk treatment process, and ensure the accountability and collaboration of the stakeholders.

Monitor and measure the progress and effectiveness of the risk treatment process, and report the results and outcomes to the management.

The other options are not the best course of action, because:

Recommending the business change the application is not a realistic or practical option, as it may be costly, time-consuming, or technically challenging to modify the application to make it compatible with the updated servers. It may also create other issues or risks, such as compatibility problems with other systems, performance degradation, or user dissatisfaction.

Including the risk in the next quarterly update to management is not a proactive or timely option, as it may delay or defer the risk treatment process and increase the exposure or vulnerability of the systems. It may also indicate a lack of urgency or importance of the risk, and undermine the credibility or trust of the management.

Implementing compensating controls is not a sufficient or comprehensive option, as it may not address the root cause or the source of the risk. Compensating controls are alternative or additionalcontrols that are implemented when the primary or preferred controls are not feasible or effective3. They may reduce the impact or likelihood of the risk, but they may not eliminate or resolve the risk.

References =

Risk Treatment Plan - CIO Wiki

Risk Treatment Plan Template - ISACA

Compensating Control - CIO Wiki