Isaca Updated CGEIT Exam Questions and Answers by dulcie

The BEST way to decide how to prioritize issues identified in an IT risk and control self-assessment (CSA) is to understand the risk and the impact to the enterprise. A CSA is a process of identifying, analyzing, and evaluating the potential threats and impacts that could affect the IT objectives, processes, and resources of an organization1. A CSA can help to determine the actions and resources needed to bridge the gaps and achieve the desired outcomes2. To prioritize the issues identified in a CSA, it is important to understand the risk and the impact to the enterprise. The risk is the measure of the likelihood and severity of an adverse event occurring and its consequences on the organization3. The impact is the measure of the extent and magnitude of the harm or damage that an adverse event can cause to the organization, such as financial loss, operational disruption, reputational damage, legal liability, etc.4. By understanding the risk and the impact to the enterprise, the issues can be prioritized based on their importance and urgency, and the most appropriate and effective solutions can be implemented.

 Quantitative analysis is the best method to assess the risk of plausible scenarios that could result in economic loss associated with major IT investments, because it tries to assign objective numerical or measurable values to the components of the risk assessment and to the assessment of potential loss1. Quantitative analysis can help estimate the probability and impact of risk events, calculate the expected monetary value (EMV) of risk, and compare the costs and benefits of different risk responses2. Quantitative analysis can also provide a more accurate and objective basis for decision making than qualitative analysis, which is scenario-based and relies on subjective judgments1. References := 1: Risk Assessment and Analysis Methods: Qualitative and Quantitative - ISACA12: 6 Types of Risk Assessment Methodologies + How to Choose - Drata2

 According to the CGEIT exam guide, a root cause analysis (RCA) is a systematic process of identifying and analyzing the factors that cause an undesirable event or condition. It helps to determine the underlying causes of problems and issues, and to prevent their recurrence. A root cause analysis is the best way to enable the CIO to build a corrective action plan, as it provides a clear understanding of the reasons why IT service levels consistently fall below those outlined in the SLA, and suggests possible solutions and improvements. The other options are not sufficient to build a corrective action plan, as they do not address the root causes of the SLA failure. References: CGEIT Exam Candidate Guide, page 15. CGEIT Certification, Root Cause Analysis

A data classification policy is a set of rules and standards that define how data is categorized and labeled according to its sensitivity, value, and criticality for the organization1. An effective data classification policy helps to ensure that data is properly protected, accessed, and managed throughout its lifecycle2. The best way to support the implementation of an effective data classification policy is to have clear guidelines adopted by the business, because they provide a common understanding and framework for data owners, stewards, and users to classify and handle data according to the business context and requirements3. Clear guidelines also help to ensure consistency, compliance, and accountability for data classification across the organization4.

References :=

Data Classification Policy | Information Security Office

Data Governance and Classification Policy - University of Cincinnati

Data governance processes - Cloud Adoption Framework

Data classification in the Microsoft Purview governance portal