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Question 66 - IT Risk Fundamentals discussion

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A key risk indicator (KRI) is PRIMARILY used for which of the following purposes?

A.

Optimizing risk management

Answers
A.

Optimizing risk management

B.

Predicting risk events

Answers
B.

Predicting risk events

C.

Facilitating dashboard reporting

Answers
C.

Facilitating dashboard reporting

Suggested answer: B

Explanation:

Primary Use of KRIs:

KRIs are primarily used to predict risk events by providing measurable data that signals potential issues.

This predictive capability helps organizations to mitigate risks before they escalate.

Risk Prediction:

Effective KRIs allow organizations to foresee potential risks and implement measures to address them proactively.

This improves the overall risk management process by reducing the likelihood and impact of risk events.

ISA 315 (Revised 2019), Anlage 6 emphasizes the use of indicators and metrics to monitor and predict risks within an organization's IT and operational environments.

asked 18/11/2024
Armands Vestmanis
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