Exin CITM Exam Questions

In risk management, after controls are implemented to mitigate risks, the remaining risk that the organization is willing to accept is called residual risk (C). According to frameworks like ISO/IEC 27001 and COBIT, residual risk represents the level of risk that persists after applying controls, deemed acceptable based on the organization's risk appetite. For example, if a control reduces the likelihood or impact of a threat (e.g., data breach), the remaining exposure is the residual risk, which the organization monitors but does not further mitigate unless necessary.

Reduced risk (A): Not a standard term; implies a general decrease but lacks specificity.

Lowered risk (B): Similar to reduced risk, not a recognized term in risk management frameworks.

Modified risk (D): Implies risk alteration but is not a standard term for post-control risk levels.

Residual risk is a critical concept in risk management, ensuring organizations understand and accept the remaining exposure after mitigation efforts.

The correct sequence for a risk assessment, as per ISO 31000 and ISO/IEC 27001, is: Establish context --- identify --- analyse --- evaluate --- treatment (C).

Establish context: Define the scope, objectives, and criteria for the risk assessment (e.g., organizational goals, assets, and risk appetite).

Identify: Identify potential risks (e.g., threats and vulnerabilities) that could impact objectives.

Analyse: Assess the likelihood and impact of identified risks to determine their severity.

Evaluate: Compare risks against risk criteria to prioritize them for treatment.

Treatment: Implement controls or strategies to mitigate, avoid, transfer, or accept risks.

Option A: Incorrect, as ''monitor and review'' is a post-treatment step, not the starting point.

Option B: Incorrect, as ''communication'' is not a distinct step in risk assessment; it's embedded throughout.

Option D: Incorrect, as it skips ''establish context,'' which is essential for defining the assessment's scope.

This sequence ensures a structured, systematic approach to risk assessment, aligning with organizational objectives.

In risk management, after controls are implemented to mitigate risks, the remaining risk that the organization is willing to accept is called residual risk (C). According to frameworks like ISO/IEC 27001 and COBIT, residual risk represents the level of risk that persists after applying controls, deemed acceptable based on the organization's risk appetite. For example, if a control reduces the likelihood or impact of a threat (e.g., data breach), the remaining exposure is the residual risk, which the organization monitors but does not further mitigate unless necessary.

Reduced risk (A): Not a standard term; implies a general decrease but lacks specificity.

Lowered risk (B): Similar to reduced risk, not a recognized term in risk management frameworks.

Modified risk (D): Implies risk alteration but is not a standard term for post-control risk levels.

Residual risk is a critical concept in risk management, ensuring organizations understand and accept the remaining exposure after mitigation efforts.

The correct sequence for a risk assessment, as per ISO 31000 and ISO/IEC 27001, is: Establish context --- identify --- analyse --- evaluate --- treatment (C).

Establish context: Define the scope, objectives, and criteria for the risk assessment (e.g., organizational goals, assets, and risk appetite).

Identify: Identify potential risks (e.g., threats and vulnerabilities) that could impact objectives.

Analyse: Assess the likelihood and impact of identified risks to determine their severity.

Evaluate: Compare risks against risk criteria to prioritize them for treatment.

Treatment: Implement controls or strategies to mitigate, avoid, transfer, or accept risks.

Option A: Incorrect, as ''monitor and review'' is a post-treatment step, not the starting point.

Option B: Incorrect, as ''communication'' is not a distinct step in risk assessment; it's embedded throughout.

Option D: Incorrect, as it skips ''establish context,'' which is essential for defining the assessment's scope.

This sequence ensures a structured, systematic approach to risk assessment, aligning with organizational objectives.

A high failure rate of changes during Post Implementation Review (PIR) in ITIL's change management process suggests a deficiency in the assessment and evaluation of change requests (A). Proper assessment involves analyzing risks, impacts, and feasibility before approving changes. If this step is inadequate (e.g., overlooking conflicts or underestimating impacts), changes are more likely to fail, as they may not align with objectives or be poorly planned.

Insufficient resources (B): May cause delays but is less directly tied to failed objectives compared to poor assessment.

CAB meetings not taking place (C): The CAB reviews changes, but the scenario doesn't indicate meetings are absent; poor assessment can occur even with CAB involvement.

Insufficient budget (D): May limit implementation but is less likely the primary cause of failed objectives.