Isaca Updated CGEIT Exam Questions and Answers by addison

The best way to provide the board with an indication of progress of the IT initiatives is to conduct a portfolio management review. A portfolio management review is a process that involves evaluating and reporting on the performance, status, and outcomes of the IT projects, programs, and services that are part of the IT portfolio. The IT portfolio is a collection of IT investments that are aligned with the enterprise’s strategic objectives and expected to produce substantial value. A portfolio management review can help the board to assess and communicate the progress of the IT initiatives, as well as to identify and address any issues or risks that may affect their success. A portfolio management review can also help the board to ensure that the IT portfolio is balanced, optimized, and aligned with the business needs and priorities. IT Portfolio Management: A Comprehensive Guide | Smartsheet provides an overview of IT portfolio management and its benefits.

The best way to enable the mapping of cost to risk for selecting a disaster recovery site based on available risk data is to perform a business impact analysis (BIA). A BIA is a process of identifying and evaluating the potential effects of various disaster scenarios on the critical business functions and processes of an organization. A BIA can help estimate the financial and operational impacts of losing or disrupting the business functions and processes, such as revenue loss, customer dissatisfaction, regulatory fines, contractual penalties, reputation damage, etc. A BIA can also help determine the recovery time objectives (RTOs) and recovery point objectives (RPOs) for each business function and process, which indicate how quickly and how much data they need to be restored after a disaster. By performing a BIA, the IT steering committee can map the cost of each disaster recovery site option to the risk of each disaster scenario, and compare the trade-offs between different levels of protection and investment1.

The other options are not the best ways to enable the mapping of cost to risk for selecting a disaster recovery site. Key risk indicators (KRIs) are metrics that indicate the level of risk exposure or potential impact of a risk event on an organization. KRIs can help monitor and manage IT risks, but they do not necessarily reflect the cost of different disaster recovery site options. Scenario-based assessment is a method of analyzing and evaluating the likelihood and consequences of various risk scenarios. Scenario-based assessment can help identify and prioritize IT risks, but it does not provide a clear measure of the cost of different disaster recovery site options. Qualitative forecasting is a technique of using expert opinions, judgments, or intuition to predict future outcomes or trends. Qualitative forecasting can help estimate the future demand or growth of IT services, but it does not provide a reliable or objective basis for mapping the cost to risk of different disaster recovery site options.

The best long-term solution to address the concern regarding loss of experienced staff is to implement knowledge management practices, because knowledge management is the process of creating, sharing, using, and managing the knowledge and information of an organization1. Knowledge management practices can help capture, document, and transfer the valuable knowledge and expertise of the experienced staff before they leave the organization, as well as facilitate the learning and development of the new or existing staff. Knowledge management practices can also enhance the organizational performance, innovation, and competitiveness by leveraging the intellectual capital and creating a culture of knowledge sharing2. According to a study by 3, the impact of knowledge management practices on employee retention is significant and positive in both IT and banking industries. Another study by 4 found that knowledge management practices can improve job satisfaction and employee retention by fostering a supportive work environment, providing growth opportunities, and rewarding knowledge contributions. Therefore, implementing knowledge management practices can help mitigate the risk of losing experienced staff and their knowledge in the long run.

The other options are not the best long-term solutions, because they are either short-term or partial solutions. Establishing a mentoring program for IT staff can help transfer some of the knowledge and skills of the experienced staff to the mentees, but it may not be sufficient or systematic enough to capture and preserve all the relevant knowledge. Determining key risk indicators (KRIs) can help monitor and measure the risk exposure of losing experienced staff, but it does not address the root cause or provide a solution for the problem. Retaining key staff as consultants can help retain some of the expertise and experience of the staff, but it may not be feasible or cost-effective in the long term, and it may also create dependency and vulnerability issues for the organization.

Enterprise architecture (EA) is the process of aligning business and IT strategies, processes, and resources to achieve organizational goals and objectives1. EA implementation involves a significant amount of change in the enterprise, such as introducing new technologies, standards, policies, roles, and responsibilities2. Therefore, managing the challenge of change is MOST important to the successful implementation of EA, as it requires effective communication, stakeholder engagement, change management, and governance mechanisms34. Without managing the challenge of change, EA implementation may face resistance, confusion, conflict, or failure. References :=

Entreprise Architecture: Critical Factors and Implementation | IEEE …5

A Review of Critical Success Factors of Enterprise Architecture …3

Critical Success Factors of Enterprise Architecture Implementation - IJOCIT1

EVALUATION OF ENTERPRISE ARCHITECTURE IMPLEMENTATION: A CRITICAL …4