CGEIT Exam Dumps - Isaca Certification Questions and Answers

An operational risk assessment is the most effective way of assessing enterprise risk, as it evaluates the potential losses and impacts that may arise from inadequate or failed internal processes, people, systems, or external events. An operational risk assessment also helps to identify and prioritize the key risk indicators (KRIs), risk scenarios, and mitigation strategies for the enterprise12. References := CGEIT Exam Content Outline, Domain 4, Subtopic B: IT Risk Management, Task 1: Ensure that an IT risk management framework exists to identify, analyze, mitigate, manage, monitor, and communicate IT-related business risk, and that the framework for IT risk management is in alignment with the enterprise risk management (ERM) framework.

Ensuring a change management plan is in place is the best way to facilitate the transition from a vendor providing IT help desk services to the enterprise’s IT department, as it helps to define and implement the steps, activities, and resources needed to achieve the change objectives. A change management plan also helps to manage the risks, issues, and impacts of the change, and to communicate and coordinate with the stakeholders and staff involved in the change123. References := CGEIT Exam Content Outline, Domain 1, Subtopic C: Technology Governance, Task 3: Ensure that IT processes are compliant with relevant laws, regulations and contractual requirements.

 Ensuring that the system is maintained in compliance with enterprise architecture (EA) standards is the most effective way to prevent an IT system from becoming technologically obsolete before its planned return on investment (ROI), because it ensures that the system is aligned with the current and future business needs, goals, and strategies of the organization. Enterprise architecture (EA) standards define the principles, guidelines, and best practices for designing, developing, and managing IT systems in a consistent, coherent, and integrated manner across the organization. By following EA standards, IT leaders can ensure that the system is compatible with the existing and emerging technologies, platforms, and frameworks that support the business processes and functions. EA standards also help IT leaders to monitor and evaluate the performance, quality, security, and reliability of the system, and to identify and address any gaps, issues, or risks that may affect its functionality or value. EA standards also facilitate the communication and collaboration among different stakeholders involved in the system lifecycle, such as business users, IT staff, vendors, and auditors. By maintaining the system in compliance with EA standards, IT leaders can ensure that the system delivers the expected benefits and value to the organization and achieves its planned ROI. References := ISO/IEC/IEEE 42020:2019(en), Software, systems and enterprise ? Architecture processes, Sample: Enterprise Architecture Standards - CIO Portal, Obsolescence management for IT leaders - Information Age

A business case is the best method for making a strategic decision to invest in cloud services, as it provides a structured and comprehensive analysis of the costs, benefits, risks, and value proposition of the proposed investment. A business case can help justify the need for cloud services, compare different options and alternatives, and align the investment with the enterprise’s strategy and objectives. A request for information (RFI) is a document that solicits information from potential vendors or suppliers, but it does not provide a decision-making framework. Benchmarking is a process of comparing the performance or practices of an enterprise with those of others, but it does not evaluate the feasibility or desirability of cloud services. A balanced scorecard is a tool that measures and monitors the performance of an enterprise or a business unit against strategic goals and objectives, but it does not assess the viability or suitability of cloud services. References: : CGEIT Review Manual (Digital Version), Chapter 3: Benefits Realization, Section 3.2: IT Investment Management, Subsection 3.2.1: IT Investment Management Overview, Page 97 : CGEIT Review Manual (Digital Version), Chapter 3: Benefits Realization, Section 3.2: IT Investment Management, Subsection 3.2.4: IT Investment Management Process, Page 104 : How to Write a Business Case: Template & Examples1

The primary goal of an IT risk optimization process from a governance perspective is to ensure that the impact of IT risk to the enterprise is managed in alignment with the enterprise risk management (ERM) framework and the enterprise objectives. IT risk optimization is not only about defining thresholds, approving strategies or mapping metrics, but about ensuring that IT risk is effectively mitigated, monitored and communicated to support the achievement of enterprise goals. References := CGEIT Exam Content Outline, Domain 4: Risk Optimization1; Certified in Governance of Enterprise IT (CGEIT) Course, Learning Tree2

 Procedures have been established for assessing and mitigating information security risks is the most effective way to demonstrate operational readiness to address information security risk issues, as it shows that the enterprise has a systematic and consistent approach to identify, analyze, treat, and monitor information security risks. Procedures also provide guidance and direction for the staff involved in information security risk management activities12. References := CGEIT Exam Content Outline, Domain 4, Subtopic B: IT Risk Management, Task 1: Ensure that an IT risk management framework exists to identify, analyze, mitigate, manage, monitor, and communicate IT-related business risk, and that the framework for IT risk management is in alignment with the enterprise risk management (ERM) framework.