Isaca Certificaton Certified Official Practice Test CGEIT - Apr-2024
Ace ISACA CGEIT Certification with Actual Questions Apr 29, 2024 Updated
The CGEIT certification exam is a valuable certification for professionals in the IT governance field. It demonstrates their knowledge and expertise, helps them stand out in the job market, and provides a framework for ongoing professional development.
The benefits of obtaining the ISACA CGEIT certification are numerous. Certified in the Governance of Enterprise IT Exam certification demonstrates an individual's expertise in IT governance, which can lead to increased job opportunities and higher salaries. Certified in the Governance of Enterprise IT Exam certification also provides individuals with the knowledge and skills necessary to implement effective IT governance practices within their organization, which can result in improved performance, reduced risk, and increased stakeholder confidence.
NEW QUESTION # 148
You are interviewing members of a project team to test their understanding of the assigned risk responses as risk owners. You and the project manager are working together to evaluate the risk responses to determine their effectiveness in the project.
What project management technique are you performing with the project manager in this scenario?
- A. Risk analysis
- B. Risk audits
- C. Stakeholder analysis as the project team is a stakeholder
- D. Risk identification with the project team
Answer: B
NEW QUESTION # 149
Which of the following roles has PRIMARY accountability for the security related to data assets?
- A. Security architect
- B. Data owner
- C. Data analyst
- D. Database administrator
Answer: B
Explanation:
Explanation
NEW QUESTION # 150
Which of the following is the BEST approach when reviewing The security status of a new business acquisition?
- A. Embed IT risk management strategies in service level agreements (SLAs).
- B. Establish a committee to oversee the alignment of IT security in new businesses.
- C. Integrate IT risk assessment into the overall due diligence process.
- D. Incorporate IT security objectives to cover additional risks associated with new businesses.
Answer: C
Explanation:
The security status of a new business acquisition is a critical factor that can affect the value, performance, and reputation of the acquiring company. Therefore, it is essential to conduct a thorough IT risk assessment of the target company as part of the overall due diligence process. An IT risk assessment can help to identify and evaluate the current and potential cybersecurity threats, vulnerabilities, and controls in the target company's IT environment, as well as the compliance with relevant laws and regulations. An IT risk assessment can also help to estimate the costs and efforts required to remediate any security gaps or issues, and to align the security policies and standards of both parties. By integrating IT risk assessment into the due diligence process, the acquiring company can make informed decisions about the feasibility, valuation, and integration of the new business acquisition12. References: Due diligence for Mergers and Acquisitions through a cybersecurity lens. Microsoft Security tips for mitigating risk in mergers and acquisitions.
NEW QUESTION # 151
Which of the following would BEST support an enterprise's initiative to incorporate desired organizational behaviors into the IT governance framework?
- A. Enterprise code of ethics
- B. Enterprise RACI matrix
- C. Risk mitigation strategies and action plans
- D. Documented consequences for noncompliance
Answer: A
NEW QUESTION # 152
During an IT strategy review, a new CIO determined that numerous important internal processes have not been updated for several years and should be reexamined. Which of the following would be the BEST approach to address this concern?
- A. Map the processes to a capability maturity model.
- B. Assemble a project review team
- C. Verify that the processes are still needed
- D. Implement a process review policy.
Answer: A
Explanation:
The best approach to address the concern of outdated internal processes is to map the processes to a capability maturity model (CMM). A CMM is a framework that describes the levels of maturity and capability of a process, from initial to optimized. Mapping the processes to a CMM can help the CIO to assess the current state and performance of the processes, as well as identify and prioritize the areas for improvement. Mapping the processes to a CMM can also help align the processes with the IT strategy and goals, as well as ensure compliance with standards and best practices. Software Capability Maturity Model (CMM) | IT Governance UK provides an overview of the CMM framework and its benefits.
Implementing a process review policy, assembling a project review team, and verifying that the processes are still needed are also possible steps to take to address the concern of outdated internal processes, but they are not the best approach. Implementing a process review policy is a measure that defines the frequency, scope, criteria, and methods for reviewing and updating the processes. Implementing a process review policy can help ensure the consistency and quality of the process review activities, as well as prevent future obsolescence or inefficiency of the processes. Assembling a project review team is a task that involves selecting and assigning the roles and responsibilities of the people who will conduct or participate in the process review activities.
Assembling a project review team can help ensure the availability and suitability of the resources and skills for the process review activities, as well as facilitate the collaboration and communication among the stakeholders. Verifying that the processes are still needed is a question that evaluates the relevance and value of the processes for the enterprise's objectives and operations. Verifying that the processes are still needed can help eliminate or simplify any unnecessary or redundant processes, as well as optimize or integrate any overlapping or interdependent processes.
NEW QUESTION # 153
An enterprise's service center is experiencing long delays in fulfilling !T service requests and very low customer satisfaction. The BEST way to determine if staff competency is the root cause of these performance problems is to compare required staff competencies with:
- A. training program completions.
- B. certification requirements.
- C. hiring and staffing practices.
- D. current skills inventory.
Answer: D
NEW QUESTION # 154
An IT strategy committee wants to ensure stakeholders understand who owns each strategic objective. To enable this understanding, which of the following should be communicated to stakeholders?
- A. The strategic plan
- B. A RACI chart
- C. Performance measure
- D. Risk owners
Answer: B
NEW QUESTION # 155
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:
- A. criticality of IT services affected.
- B. funds required for remediation.
- C. number of IT systems affected.
- D. impact to the enterprise.
Answer: D
NEW QUESTION # 156
An IT steering committee wants to select a disaster recovery site based on available risk data Which of the following would BE ST enable the mapping of cost to risk?
- A. Business impact analysis (BIA)
- B. Key risk indicators (KRIs)
- C. Scenario-based assessment
- D. Qualitative forecasting
Answer: A
Explanation:
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.
NEW QUESTION # 157
Fill in the blank with an appropriate phrase.
The _______ portion of the issue log records the previous pending issues that have been taken care of.
Answer:
Explanation:
resolved issues
NEW QUESTION # 158
After shifting from lease to purchase of IT infrastructure and software licenses, an enterprise has to pay for unexpected lease extensions causing significant cost overruns. The BEST direction for the IT steering committee would be to establish;
- A. an end-of-life program to remove aging infrastructure from the environment.
- B. a program to annually review financial policy on overruns.
- C. budget cuts to compensate for the cost overruns.
- D. a policy to consider total cost of ownership (TCO) in investment decisions.
Answer: D
Explanation:
Total cost of ownership (TCO) is the purchase price of an asset plus the costs of operation over its lifespan1. TCO includes hardware and software acquisition, management and support, communications, end-user expenses and the opportunity cost of downtime, training and other productivity losses2. By considering TCO in investment decisions, an enterprise can avoid unexpected costs and optimize the value of its IT assets3. A policy to consider TCO in investment decisions can help the enterprise to plan ahead for the lease or purchase of IT infrastructure and software licenses, and avoid cost overruns due to lease extensions or other factors. References := CGEIT Review Manual (Digital Version), Chapter 4: Value Optimization, Section 4.2: IT Value Delivery, Subsection 4.2.3: IT Resource Management, Page 123 CGEIT Review Manual (Print Version), Chapter 4: Value Optimization, Section 4.2: IT Value Delivery, Subsection 4.2.3: IT Resource Management, Page 123 How to Calculate Total Cost of Ownership for Software - GetApp4 Total Cost of Ownership: How It's Calculated With Example - Investopedia1
NEW QUESTION # 159
The CIO of a financial and insurance company is considering the projects and portfolio for the coming year Which of the following projects is a non-discretionary project?
- A. Data center relocation
- B. Core banking applications scalability assessment
- C. Compliance with statutory regulations
- D. Actuarial application system analysis and design
Answer: C
Explanation:
According to the web search results, projects where management has a choice in implementing them are called discretionary projects. Projects where no choice exists are called nondiscretionary projects1. Compliance with statutory regulations is a nondiscretionary project, as it is required by law and cannot be avoided or postponed.
The other options are discretionary projects, as they are based on the management's decision and preference, and can be prioritized or delayed according to the business needs and goals. References: CGEIT Certification, CIO Dashboard, Answers
NEW QUESTION # 160
CORRECT TEXT
You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is simulation where the project model is computed many times with the input values chosen at random for each iteration. The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?
- A. Expected Monetary Value
- B. Monte Carlo Technique
- C. Pareto modeling
- D. Analogous modeling
Answer: B
NEW QUESTION # 161
What business analysis element tries to identify as many potential options as possible to meet the business objectives and fill identified gaps in capabilities?
- A. Ranking of approaches
- B. Alternative generation
- C. Decision analysis
- D. Documentation of assumptions and constraints
Answer: B
NEW QUESTION # 162
When establishing an enterprise data model, the BEST way to ensure the integrity of data is to:
- A. classify information using an agreed-upon schema.
- B. implement the highest level of protection to data across the enterprise.
- C. establish a privileged access management platform.
- D. implement a data loss prevention (DLP) program.
Answer: A
Explanation:
Classifying information using an agreed-upon schema is the best way to ensure the integrity of data when establishing an enterprise data model. A schema is a logical structure that defines how data is organized, stored, and accessed. By using a common schema across the enterprise, data can be standardized, validated, and integrated more easily and consistently. A schema also helps to avoid data duplication, inconsistency, and ambiguity, which can compromise data integrity. References: What Is an Enterprise Data Model? [+ Examples] - HubSpot Blog
NEW QUESTION # 163
Which of the following are the roles of a CIO in the Resource management framework?
Each correct answer represents a complete solution. Choose all that apply.
- A. Provides IT infrastructure to facilitate knowledge & information creation/sharing.
- B. Defines value creation roles within IT.
- C. Standardizes architecture & technology.
- D. Establishes business priorities & allocates resources for IT performance.
Answer: A,B,C
NEW QUESTION # 164
Which of the following levels of Gartner's cost optimization framework describes the right kind of partnership with IT vendors, which can benefit each party in times of economic upturns?
- A. Cost Savings within IT
- B. Joint Business and IT Cost Savings
- C. IT Procurement
- D. Enabling Innovation and Business Restructuring
Answer: C
NEW QUESTION # 165
Which of the following provides the BEST evidence of effective IT governance?
- A. IT risk identification and mitigation
- B. Cost savings and human resource optimization
- C. Comprehensive IT policies and procedures
- D. Business value and customer satisfaction
Answer: D
NEW QUESTION # 166
Walter is the project manager of a large construction project. He'll be working with several vendors on the project. Vendors will be providing materials and labor for several parts of the project. Some of the works in the project are very dangerous so Walter has implemented safety requirements for all of the vendors and his own project team.
Stakeholders for the project have added new requirements, which have caused new risks in the project. A vendor has identified a new risk that could affect the project if it comes into fruition. Walter agrees with the vendor and has updated the risk register and created potential risk responses to mitigate the risk. What should Walter also update in this scenario considering the risk event?
- A. Project management plan
- B. Project contractual relationship with the vendor
- C. Project communications plan
- D. Project scope statement
Answer: A
Explanation:
Section: Volume B
NEW QUESTION # 167
Which of the following is the MOST important driver of IT governance?
- A. Effective internal controls
- B. Technical excellence
- C. Quality measurement
- D. Management transparency
Answer: D
NEW QUESTION # 168
Which of the following is the BEST way to maximize the value of an enterprise's information asset base?
- A. Facilitate widespread user access to all information assets
- B. Regularly purge information assets to minimize maintenance costs
- C. Implement an automated information management platform
- D. Seek additional opportunities to leverage existing information assets.
Answer: D
Explanation:
The value of an enterprise's information asset base is the amount of benefits or advantages that the enterprise can derive from its information assets, such as data, documents, records, and reports. Information assets are valuable and sensitive resources that need to be protected, managed, and used effectively and efficiently to support and achieve the enterprise's objectives and goals1. To maximize the value of an enterprise's information asset base, the best way is to seek additional opportunities to leverage existing information assets. This means finding new or innovative ways to use or reuse the information assets to create more value for the enterprise, such as improving performance, quality, customer satisfaction, innovation, or competitive advantage23. For example, an enterprise can leverage its existing information assets by analyzing them to generate insights, combining them to create new products or services, sharing them with partners or stakeholders to enhance collaboration, or monetizing them to generate revenue23.
The other options are not the best ways to maximize the value of an enterprise's information asset base.
Facilitating widespread user access to all information assets may increase the availability and utilization of the information assets, but it may also compromise their confidentiality and integrity. Not all information assets are appropriate or relevant for all users, and some may contain sensitive or confidential data that need to be restricted or protected1 . Therefore, facilitating widespread user access to all information assets may not maximize their value, but rather increase their risk. Regularly purging information assets to minimize maintenance costs may reduce the storage and management expenses of the information assets, but it may also eliminate their potential value or usefulness. Not all information assets are obsolete or redundant, and some may have long-term or strategic value for the enterprise1 . Therefore, regularly purging information assets to minimize maintenance costs may not maximize their value, but rather decrease their availability.
Implementing an automated information management platform may improve the efficiency and effectiveness of the information asset management process, but it may not necessarily increase the value of the information asset base. An automated information management platform is a tool or system that helps to collect, store, process, analyze, and distribute information assets. However, it does not guarantee that the information assets are used or leveraged in optimal ways to create more value for the enterprise23. Therefore, implementing an automated information management platform may not maximize the value of the information asset base, but rather facilitate its management. References
2: https://www.gartner.com/smarterwithgartner/why-and-how-to-value-your-information-as-an-asset
1:
https://www.cio.com/article/202183/what-is-data-governance-a-best-practices-framework-for-managing-d
3: https://www.gartner.com/en/publications/infonomics
:
https://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/
:
https://www.isaca.org/resources/isaca-journal/issues/2017/volume-3/it-asset-valuation-risk-assessment-and
https://www.ibm.com/topics/information-management-systems
NEW QUESTION # 169
An enterprise is contracting with an outsourcing partner for a long-term engagement. The BEST time for the enterprise to plan for the event of contract termination is when:
- A. either party decides to terminate the contract.
- B. developing the initial contract.
- C. issues surface in the contractual relationship.
- D. planning for the contract as part of business continuity.
Answer: B
Explanation:
The BEST time for the enterprise to plan for the event of contract termination is when developing the initial contract. Contract termination is the process of ending a contractual relationship between two parties, either by mutual agreement or by exercising a right to terminate under the contract terms1. Contract termination can have significant impacts and implications for both parties, such as loss of revenue, loss of service, loss of data, legal disputes, reputational damage, etc.2 Therefore, it is important to plan for the event of contract termination in advance, and include appropriate provisions and mechanisms in the contract to ensure a smooth and orderly exit3.
Some of the benefits of planning for contract termination when developing the initial contract are4:
It clarifies the expectations and obligations of both parties in case of contract termination, such as the notice period, the termination fees, the transition services, the data return or destruction, etc.
It reduces the risks and costs associated with contract termination, such as service disruption, data loss, litigation, penalties, etc.
It enables faster and more effective resolution of contract termination issues, such as dispute resolution, arbitration, mediation, etc.
It fosters a positive and professional relationship between the parties, even in case of contract termination, by avoiding surprises, conflicts, or misunderstandings.
Therefore, planning for contract termination when developing the initial contract is the best time for the enterprise to ensure a successful and beneficial outsourcing engagement.
NEW QUESTION # 170
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