Isaca Exam IT Risk Fundamentals Topic 3 Question 9 Discussion

Actual exam question for Isaca's IT Risk Fundamentals exam

Question #: 9
Topic #: 3

[All IT Risk Fundamentals Questions]

Which of the following is used to estimate the frequency and magnitude of a given risk scenario?

ARisk analysis

BRisk register

CRisk governance

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 Christiane at Jan 21, 2025, 10:42 PM

Limited Time Offer

25%

Off

Get Premium IT Risk Fundamentals Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Sheldon

1 months ago

I wonder if 'Risk Guesswork' is an option. That's how I usually handle risks!

upvoted 0 times

Beula

15 days ago

C) Risk governance

upvoted 0 times

...

Anastacia

16 days ago

B) Risk register

upvoted 0 times

...

Claudia

19 days ago

A) Risk analysis

upvoted 0 times

...

Penney

1 months ago

A) Risk analysis is the way to go! Gotta know what could go wrong before we can plan for it.

upvoted 0 times

...

Billi

2 months ago

C) Risk governance is about the structure and policies for managing risks, not the actual analysis.

upvoted 0 times

Quentin

4 days ago

B) Risk register

upvoted 0 times

...

Fletcher

23 days ago

A) Risk analysis

upvoted 0 times

...

Tasia

2 months ago

B) Risk register is a list of identified risks, but it doesn't estimate the frequency and magnitude of those risks.

upvoted 0 times

...

Tegan

2 months ago

I think the correct answer is A) Risk analysis. This is the process of identifying and assessing potential risks to the project or organization.

upvoted 0 times

Derick

24 days ago

It's important to conduct thorough risk analysis to mitigate potential threats to the project.

upvoted 0 times

...

Gary

25 days ago

Risk analysis is crucial for understanding potential risks and their impact on a project.

upvoted 0 times

...

Polly

1 months ago

I agree, A) Risk analysis is used to estimate the frequency and magnitude of a given risk scenario.

upvoted 0 times

...

Vi

2 months ago

I'm not sure, but I think it could also be B) Risk register. It keeps track of all identified risks.

upvoted 0 times

...

Elouise

3 months ago

I agree with Adaline. Risk analysis helps estimate the frequency and magnitude of a risk scenario.

upvoted 0 times

...

Adaline

3 months ago

I think the answer is A) Risk analysis.

upvoted 0 times

...