Isaca Updated CGEIT Exam Questions and Answers by hailey

 An IT investment portfolio is a collection of IT projects, programs, and services that are funded and implemented by an enterprise to achieve its strategic and operational objectives. An IT investment portfolio should be reviewed first to ensure IT congruence with the new business strategy, as it would help to align the IT investments with the business goals, priorities, and needs. A review of the IT investment portfolio would also help to identify and evaluate the current and planned IT initiatives, assess their costs, benefits, risks, and value, and optimize the allocation of IT resources and capabilities. The other options are not as relevant, as they are more related to the execution or delivery of IT activities, rather than the planning or direction of them. References: : CGEIT Review Manual (Digital Version), Chapter 3: Benefits Realization, Section 3.2: IT Investment Management, Subsection 3.2.1: IT Investment ManagementOverview, Page 97 : CGEIT Review Manual (Digital Version), Chapter 3: Benefits Realization, Section 3.2: IT Investment Management, Subsection 3.2.4: IT Investment Management Process, Page 104 : The Power of IT Investment Risk Quantification and Visualization: IT Portfolio Management

The most important reason for selecting IT key risk indicators (KRIs) is to increase the probability of achieving IT goals. IT KRIs are metrics that show the level of exposure or likelihood of occurrence of IT-related risks that may affect the achievement of IT objectives. By selecting and monitoring IT KRIs, the organization can identify and manage the potential threats and opportunities that may impact the IT performance and value. IT KRIs can also help to trigger corrective or preventive actions, communicate risk information, and support decision-making and improvement processes

The main reason for an enterprise to implement an IT risk management framework is the need to enable IT risk-aware decisions by executives, as it helps to ensure that the IT risks are aligned with the enterprise strategy, objectives, and risk appetite. IT risk management also provides a consistent and structured approach to identify, analyze, treat, and monitor IT-related business risks, and to communicate and report them to the relevant stakeholders12. References := CGEIT Exam Content Outline, Domain 4, Subtopic B: IT Risk Management, Task 1: Ensure that an IT risk management framework exists to identify, analyze, mitigate, manage, monitor, andcommunicate IT-related business risk, and that the framework for IT risk management is in alignment with the enterprise risk management (ERM) framework.

The board of directors’ first course of action when a strategic IT-enabled investment is failing due to unforeseen technology problems should be to assess the business risk and options. This means that the board should evaluate the impact of the technology problems on the business objectives, benefits, costs, and risks of the investment, as well as the feasibility and desirability of alternative courses of action, such as continuing, modifying, suspending, or terminating the investment. This will help the board to make an informed and rational decision based on the best available information and evidence.