Isaca Certification CGEIT Dumps PDF

The primary role of the governance function in enabling an enterprise to achieve its business objectives is to provide a means to effectively manage stakeholders. Stakeholders are the individuals or groups that have an interest or stake in the enterprise’s activities, outcomes, and performance. They include shareholders, customers, employees, suppliers, regulators, and society at large. Effective stakeholder management involves identifying, engaging, communicating, and satisfying the needs and expectations of the stakeholders in a transparent and ethical manner. By providing a means to effectively manage stakeholders, the governance function can help the enterprise to align its vision, mission, strategy, and values with the stakeholder interests, foster trust and collaboration among the stakeholder groups, balance the economic and social goals and the individual and communal goals of the enterprise, and enhance the reputation and legitimacy of the enterprise in the market and society.

The other options are not as primary as providing a means to effectively manage stakeholders for the governance function. Determining risk thresholds that the enterprise can sustain is an important aspect of the governance function, but it is not the primary role. Risk thresholds are the levels of risk exposure that the enterprise is willing to accept or tolerate in pursuit of its business objectives. They are derived from the enterprise’s risk appetite and risk tolerance statements, which reflect the enterprise’s culture, values, and strategy. The governance function can help to define, communicate, and monitor the risk thresholds that the enterprise can sustain, but this is not its primary role. Preparing business continuity and resiliency plans is a vital responsibility of the management function, not the governance function. Business continuity and resiliency plans are the documents that outline the processes and procedures for ensuring the continuity of critical business functions and operations in the event of a disruption or crisis. They also describe how the enterprise can recover from the disruption or crisis and resume normal operations as soon as possible. The governance function can oversee and approve the business continuity and resiliency plans prepared by the management function, but this is not its primary role. Monitoring strategic plans to reach the desired target state is a key activity of both the governance function and the management function, but it is not their primary role. Strategic plans are the documents that define the long-term goals and objectives of the enterprise and how they will be achieved. They also specify the resources, actions, measures, and timelines for implementing the strategy. The governance function can set the direction and scope of the strategic plans, while the management function can execute and report on them. Both functions can monitor the progress and performance of the strategic plans to reach the desired target state, but this is not their primary role. References := The five functions of governance – Project Manager, What is a Governance Structure? - ESG | The Report, Develop an effective governance structure | Australian Public Service …

The best way for IT to achieve compliance with regulatory requirements is to enforce IT policies and procedures that align with the compliance standards and guidelines. IT policies and procedures are the documents that define the roles, responsibilities, rules, and expectations for the IT function and its activities. They help to ensure that the IT systems and processes are secure, reliable, efficient, and consistent with the business objectives and legal obligations. By enforcing IT policies and procedures, IT can demonstrate its compliance with regulatory requirements and avoid violations, penalties, or reputational damage. The other options are not as effective as enforcing IT policies and procedures for achieving compliance with regulatory requirements. Creating an IT project portfolio is a good practice for managing IT investments and resources, but it does not guarantee compliance with regulatory requirements. Reviewing an IT performance dashboard is a useful technique for monitoring and measuring IT performance and value delivery, but it does not ensure compliance with regulatory requirements. Reporting on IT audit findings and action plans is a necessary step for improving IT governance and control processes, but it does not achieve compliance with regulatory requirements. References := What is IT Compliance? - Checklist, Guidelines & More | Proofpoint US, 6 Common IT Compliance Standards (A Guide to the Basics), Here’s Why Regulatory Compliance is Important - Reciprocity

A third-party audit report is the most comprehensive source of information regarding the current status and effectiveness of a cloud provider’s controls. A third-party audit report is an independent and objective assessment of the cloud provider’s security, compliance, and performance by a qualified and reputable auditor. A third-party audit report can provide assurance to the cloud customers that the cloud provider has implemented adequate and effective controls to meet the industry standards and best practices, as well as the contractual obligations and customer expectations12.

A globally recognized certification is a credential that demonstrates that a cloud provider has met certain criteria or standards for security, quality, or performance. A globally recognized certification can provide some level of confidence to the cloud customers that the cloud provider has achieved a minimum level of compliance or competence, but it may not provide enough details or evidence about the current status and effectiveness of the cloud provider’s controls3.

A control self-assessment (CSA) is a process that enables a cloud provider to evaluate its own controls internally, without involving an external auditor. A CSA can help a cloud provider to identify and address any gaps or weaknesses in its controls, as well as to monitor and improve its performance. However, a CSA may not provide sufficient assurance to the cloud customers, as it may lack objectivity, transparency, and validity4.

A maturity assessment is a process that measures the level of maturity or capability of a cloud provider’s processes or practices. A maturity assessment can help a cloud provider to benchmark its performance against industry standards or best practices, as well as to identify areas for improvement or innovation. However, a maturity assessment may not provide enough information about the current status and effectiveness of the cloud provider’s controls, as it may focus more on the process rather than the outcome5.

References: 1: Cloud Security Auditing: Challenges and Emerging Approaches - IEEE Journals & Magazine1 2: Cloud Security Audit: What You Need to Know | CloudHealth by VMware2 3: Cloud Security Certifications: What You Need to Know | CloudHealth by VMware3 4: Control Self-Assessment - ISACA4 5: Maturity Assessment - ISACA

• This is because KPIs are measurable values that indicate how well the IT governance framework is achieving its objectives and delivering value to the business1. By evaluating KPI results, the organization can:

Evaluating KPI results can provide a comprehensive and objective overview of the IT governance framework’s effectiveness and impact.

The other options, developing a business case for the program portfolio, benchmarking the IT governance framework to industry best practice, and reviewing results of IT audit reports are not as effective as evaluating KPI results for assessing the effectiveness of a newly established IT governance framework. They are more related to the design and implementation of the IT governance framework, rather than its evaluation. They may also be too narrow or subjective for assessing the IT governance framework’s effectiveness, as they may not cover all aspects or perspectives of the IT governance framework. They may also depend on external factors or standards that may not be relevant or applicable to the organization’s specific context and needs.