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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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Brynn
17 days 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
22 days 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
27 days 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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