FREE CGEIT Risk and Resource Optimization Questions and Answers

Question 1

An enterprise's board of directors can BEST manage enterprise risk by:

Accepted Answer

requiring the establishment of an enterprise risk management (ERM) framework.

Answer

mandating board-approved enterprise risk management (ERM) modifications.

Answer

requiring the establishment of an enterprise-wide program management office.

Answer

ensuring the cost-effectiveness of the internal control system.

Question 2

Which of the following is the BEST outcome measure to determine the effectiveness of IT risk management processes?

Accepted Answer

Time lag between when IT risk is identified and the enterprise's response

Answer

Percentage of business users satisfied with the quality of risk training

Answer

Frequency of updates to the IT risk register

Answer

Number of events impacting business processes due to delays in responding to risks

Question 3

Which of the following resource categories includes skill sets, certifications, productivity, and morale?

Accepted Answer

People

Answer

Partners

Answer

Processes

Answer

Products

Question 4

In which of the following editions of COBIT was "Management Guidelines" added?

Accepted Answer

The second edition

Answer

The third edition

Answer

The first edition

Answer

The fourth edition

Question 5

Which of the following examples are included in the general controls embedded in IT processes and services? Each correct answer represents a complete solution.

Accepted Answer

Change management

Answer

Completeness

Answer

Accuracy

Question 6

Which of the following is a process that occurs due to mergers, outsourcing, or changing business needs?

Accepted Answer

Involuntary exit

Answer

Voluntary exit

Answer

Plant closing

Answer

Outplacement

Question 7

In which of the following types of biases does the data collection itself interfere with the process it is measuring?

Accepted Answer

Interaction

Answer

Nonresponse

Answer

Perception

Answer

Operational

Question 8

Which of the following objectives can be the best coordinated with Human Resource Management?

Accepted Answer

Satisfying the business needs

Answer

Increasing the automation of the business processes

Answer

Rewarding employee fairly

Answer

Focusing on business improvements

Question 9

An organization supports both programs and projects for various industries. What is a portfolio?

Accepted Answer

A portfolio describes the organization of related projects, programs, and operations.

Answer

A portfolio describes all of the monies that are invested in the organization.

Answer

A portfolio is the total amount of funds that have been invested in programs, projects, and operations.

Answer

A portfolio describes any project or program within one industry or application area.

Question 10

Paul has been asked to complete a SWOT analysis for his solution scope. What does SWOT analysis mean?

Accepted Answer

Strengths, Weaknesses, Opportunities, Threats

Answer

Stakeholder Weaknesses, Organizational Threats

Answer

Strengths, Weaknesses, Opportunities, Time

Answer

Stakeholders Weaknesses, Organization, Threats