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Isaca CRISC Exam - Topic 4 Question 112 Discussion

What is a risk practitioner's BEST approach to monitor and measure how quickly an exposure to a specific risk can affect the organization?
C) Create key risk indicators (KRIs).
A) Create an asset valuation report.
B) Create key performance indicators (KPls).
D) Create a risk volatility report.

Isaca CRISC Exam - Topic 4 Question 112 Discussion

Actual exam question for Isaca's CRISC exam
Question #: 112
Topic #: 4
[All CRISC Questions]

What is a risk practitioner's BEST approach to monitor and measure how quickly an exposure to a specific risk can affect the organization?

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Suggested Answer: C

Key risk indicators (KRIs) are metrics that measure the exposure to a given risk at a particular time. They can also provide early warning signs of a potential change in risk level. By monitoring KRIs, risk practitioners can assess how quickly an exposure to a specific risk can affect the organization and take appropriate actions.


*Risk management at the speed of business - PwC

*Risk velocity measures how fast an exposure can affect an organization | Business Insurance

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Mattie
10 hours ago
Wait, isn't a risk volatility report also important?
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Delpha
6 days ago
Totally agree, KPIs just don't cut it for risk exposure.
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Lizette
11 days ago
I think KRIs are the way to go for monitoring risks effectively.
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Matt
16 days ago
I feel like a risk volatility report could be useful, but it might not directly measure the speed of risk impact like KRIs would.
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Brynn
2 months ago
I'm a bit confused about whether asset valuation reports really help in monitoring risk exposure. They seem more focused on value than on risk timing.
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Yolando
2 months ago
I remember practicing a question similar to this, and I think KRIs are specifically designed to measure risk exposure, which makes them a strong choice here.
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Ernestine
2 months ago
I think the best approach might be to create key risk indicators (KRIs), but I'm not entirely sure how they differ from KPIs.
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