Isaca Exam IT Risk Fundamentals Topic 3 Question 7 Discussion

Actual exam question for Isaca's IT Risk Fundamentals exam

Question #: 7
Topic #: 3

[All IT Risk Fundamentals Questions]

A key risk indicator (KRI) is PRIMARILY used for which of the following purposes?

AOptimizing risk management

BPredicting risk events

CFacilitating dashboard reporting

Show Suggested Answer

Suggested Answer: B

Primary Use of KRIs:

KRIs are primarily used to predict risk events by providing measurable data that signals potential issues.

This predictive capability helps organizations to mitigate risks before they escalate.

Risk Prediction:

Effective KRIs allow organizations to foresee potential risks and implement measures to address them proactively.

This improves the overall risk management process by reducing the likelihood and impact of risk events.

ISA 315 (Revised 2019), Anlage 6 emphasizes the use of indicators and metrics to monitor and predict risks within an organization's IT and operational environments.

by Isreal at Dec 10, 2024, 08:27 AM

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Vicente

4 months ago

I think all options are valid, but the primary purpose is optimizing risk management.

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Ettie

4 months ago

I'm fairly certain the answer is B. Predicting risk events is the core purpose of KRIs - everything else is just a happy byproduct.

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Carissa

4 months ago

Haha, I bet the exam writers are just trying to trick us with these options. As long as we know our KRIs, we'll be fine!

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Azzie

3 months ago

C) Facilitating dashboard reporting

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Aja

3 months ago

No, I believe it's C) Facilitating dashboard reporting.

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Deeann

3 months ago

B) Predicting risk events

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Katina

3 months ago

I think it's A) Optimizing risk management.

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Gracie

3 months ago

A) Optimizing risk management

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Salina

4 months ago

But wouldn't it also help in facilitating dashboard reporting?

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Ashlyn

4 months ago

Hmm, I was leaning towards A, but I can see the logic behind C as well. KRIs do help facilitate comprehensive risk reporting dashboards.

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Chauncey

4 months ago

I believe it's more for optimizing risk management.

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Salina

4 months ago

I think a KRI is used for predicting risk events.

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Yuki

4 months ago

C is the correct answer. KRIs are mainly used for dashboard reporting and monitoring risk profiles. Optimizing risk management and predicting events are secondary uses.

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