CGEIT Exam Dumps Pass with Updated Mar-2024 Tests Dumps
CGEIT exam questions for practice in 2024 Updated 543 Questions
To be eligible to take the CGEIT certification exam, candidates must have at least five years of experience in IT governance, and at least one year of experience in one or more of the five domains covered by the exam. They must also adhere to the ISACA Code of Professional Ethics and pass a comprehensive exam that covers all five domains.
NEW QUESTION # 78
What should be the FIRST action of a new CIO when considering an IT governance framework for an enterprise?
- A. Develop an IT balanced scorecard to monitor and track IT performance.
- B. Understand critical IT processes to define the scope of the IT governance framework.
- C. Verify stakeholder sponsorship of the IT governance initiative.
- D. Understand corporate culture and IT'S role in providing business value.
Answer: D
Explanation:
This action is important because corporate culture is the shared set of norms, beliefs, and values that influence the behavior and attitudes of the organization's members. Corporate culture can support or hinder IT governance, depending on how well it aligns with the IT governance objectives. IT's role in providing business value is the extent to which IT contributes to the achievement of the business strategy, goals, and needs. IT's role in providing business value can vary depending on the industry, market, and competitive environment of the enterprise12.
By understanding corporate culture and IT's role in providing business value, the new CIO can gain insight into the current state and challenges of IT governance in the enterprise, as well as the expectations and requirements of the stakeholders. The new CIO can also identify the gaps and opportunities for improvement or innovation in IT governance, and develop a vision and strategy for IT governance that is aligned with the corporate culture and business value34.
The other options are not the first action of a new CIO when considering an IT governance framework for an enterprise, but rather subsequent actions that depend on the outcome of understanding corporate culture and IT's role in providing business value. Understanding critical IT processes to define the scope of the IT governance framework is a step that occurs after the new CIO has established the objectives and priorities for IT governance, and needs to determine which processes are essential for delivering value and managing risk5. Verifying stakeholder sponsorship of the IT governance initiative is a step that occurs after the new CIO has developed a business case and a communication plan for IT governance, and needs to secure the support and commitment of the key decision-makers and influencers6. Developing an IT balanced scorecard to monitor and track IT performance is a step that occurs after the new CIO has implemented and executed the IT governance framework, and needs to measure and report on the outcomes and benefits of IT governance7.
References: 1: Corporate governance of information technology - Wikipedia8 2: What is Business Value? Definition & Examples - Talend 3: How to Create an Effective IT Governance Framework | Smartsheet 4: 7 Rules for Demonstrating the Business Value of IT - Gartner 5: The internal process perspective within the Balanced Scorecard 6: Here's What You Need in Your Whistleblower Policy (and Why) - Case IQ 7: The Balanced Scorecard Customer Perspective : What is Enterprise Architecture? | Gartner
NEW QUESTION # 79
When preparing a new IT strategic plan for board approval, the MOST important consideration is to ensure the plan identifies:
- A. roles and responsibilities that link to IT objectives.
- B. specific resourcing requirements for identified IT projects.
- C. implications of the strategy on the procurement process.
- D. frameworks that will be aligned to IT programs.
Answer: A
Explanation:
When preparing a new IT strategic plan for board approval, the MOST important consideration is to ensure the plan identifies roles and responsibilities that link to IT objectives. A well-defined IT strategic plan should clearly articulate the vision, mission, goals, and objectives of the IT function, as well as the strategies and actions to achieve them1. However, without assigning roles and responsibilities to the relevant stakeholders, the plan may lack accountability, ownership, and alignment2. Therefore, it is crucial to identify who is responsible for what, how they will collaborate and communicate, and how they will be measured and rewarded3. This can help to ensure the successful execution and monitoring of the IT strategic plan, as well as the alignment with the business strategy and expectations4.
The other options are not as important as option A. While it is useful to have specific resourcing requirements, frameworks, and implications of the strategy on the procurement process, these are more operational and tactical aspects that can be determined later in the implementation phase. They are not essential for the board approval of the IT strategic plan, which should focus more on the strategic direction and value proposition of the IT function. References := How to Write an Information Technology (IT) Business Proposal | Examples1 The Role of Board Approval in the Strategic Planning Process - Veralon2 How To Get The Board To Say Yes - Gartner3 The Board's Role in Strategy | WATSON4 Overseeing strategy: A framework for boards of directors - CPA Canada
NEW QUESTION # 80
An enterprise has learned of a new regulation that may impact delivery of one of its core technology services Which of the following should the done FIRST?
- A. Determine whether the board wants to comply with the regulation
- B. Request an action plan from the risk team
- C. Update the risk management framework
- D. Assess the risk associated with the new regulation
Answer: D
Explanation:
The first thing that the enterprise should do after learning of a new regulation that may impact delivery of one of its core technology services is to assess the risk associated with the new regulation. A risk assessment is a process of identifying, analyzing, and evaluating the potential threats and impacts of a risk event on the enterprise's objectives, processes, and resources1. A risk assessment can help the enterprise understand the nature, scope, and severity of the new regulation, as well as its compliance requirements, costs, and benefits. A risk assessment can also help the enterprise prioritize and implement the appropriate risk responses, such as avoiding, reducing, transferring, or accepting the risk2. According to COBIT 5, one of the seven enablers of IT governance is risk management, which includes assessing IT-related risks and aligning them with enterprise risks3. The risk assessment is also part of the IT governance domain 3: Risk Management4.
The other options are not the first things that the enterprise should do after learning of a new regulation.
Updating the risk management framework is a step that may be done after assessing the risk associated with the new regulation, as it involves reviewing and improving the policies, procedures, and practices for managing IT risks in the enterprise. Determining whether the board wants to comply with the regulation is a step that may be done after assessing the risk associated with the new regulation, as it involves consulting with the board and other stakeholders on the strategic and ethical implications of complying or not complying with the regulation. Requesting an action plan from the risk team is a step that may be done after assessing the risk associated with the new regulation, as it involves defining and executing the tasks and activities for achieving compliance and mitigating risk.
NEW QUESTION # 81
Which of the following risk functions directs the Sarbanes-Oxley Section 302 and 404 assessments?
- A. Accounting / Financial compliance
- B. Compliance & Ethics
- C. Operations management
- D. Operational Quality Assurance
Answer: A
NEW QUESTION # 82
Which of the following is the BEST indication that information security requirements are taken into consideration when developing IT processes?
- A. Customer profiles are stored with a domestic service provider
- B. The information architecture incorporates data classification
- C. The integrity of sensitive information is periodically reviewed
- D. The database is deployed in a distributed processing platform
Answer: B
NEW QUESTION # 83
You work as a project manager for TYU project. You are planning for risk mitigation.
You need to identify the risks that will need a more in-depth analysis. Which of the following activities will help you in this?
- A. Quantitative analysis
- B. Risk identification
- C. Estimate activity duration
- D. Qualitative analysis
Answer: D
NEW QUESTION # 84
An independent consultant has been hired to conduct an ad hoc audit of an enterprise's information security office with results reported to the IT governance committee and the board Which of the following is MOST important to provide to the consultant before the audit begins?
- A. Acceptance of the audit risks and opportunities
- B. The organizational structure of the security office
- C. The scope and stakeholders of the audit
- D. The policies and framework used by the security office
Answer: C
Explanation:
The scope and stakeholders of the audit are the most important information to provide to the consultant before the audit begins, because they define the objectives, boundaries, and expectations of the audit. The scope and stakeholders of the audit are also part of the IT governance domain 1: Framework for the Governance of Enterprise IT1. References := 1: CGEIT Review Manual 2023, ISACA, page 23.
NEW QUESTION # 85
A new chief information officer (CIO) of an enterprise recommends implementing portfolio management after realizing there is no process in place for evaluating investments prior to selection. What should be the PRIMARY strategic goal driving this decision?
- A. Standardize processes for investment evaluation.
- B. Align investments to the enterprise architecture (EA).
- C. Enable transparency within the investment process.
- D. Maximize value from the combined investments.
Answer: D
Explanation:
Portfolio management is the process of selecting, prioritizing, monitoring and controlling the projects, programs and other related work that best align with the enterprise's strategic objectives and deliver the most value to the stakeholders. The primary strategic goal of implementing portfolio management is to maximize value from the combined investments by ensuring that they are aligned with the enterprise's vision, mission, goals and values, and that they are optimized in terms of risk, return and resource allocation. References:
CGEIT Domain 2: IT Resources
NEW QUESTION # 86
Which of the following should a new CIO do FIRST to ensure information assets are effectively governed?
- A. Quantify the business value of information assets
- B. Perform an information gap analysis
- C. Evaluate information access methods
- D. Review information classification procedures
Answer: B
Explanation:
The first thing that a new CIO should do to ensure information assets are effectively governed is to perform an information gap analysis. An information gap analysis is a process of comparing the current state and performance of the information assets with the desired state and expectations of the information governance program. Information assets include data, metadata, documents, and records that have value to the organization and need to be managed and protected. An information gap analysis can help identify the strengths, weaknesses, opportunities, and threats of the information assets, as well as the gaps, risks, and issues that need to be addressed. An information gap analysis can also provide insights and recommendations for improving and aligning the information assets with the information governance program. According to 1, an information gap analysis is a key step in developing an information governance strategy that supports the organization's goals and objectives.
The other options are not the first things that a new CIO should do to ensure information assets are effectively governed. Quantifying the business value of information assets is a step that may be done after performing an information gap analysis, as it involves measuring and communicating the benefits and costs of the information assets to the organization and its stakeholders. Reviewing information classification procedures is a step that may be done after performing an information gap analysis, as it involves evaluating and updating the policies and practices for categorizing and labeling the information assets according to their sensitivity and criticality. Evaluating information access methods is a step that may be done after performing an information gap analysis, as it involves assessing and improving the mechanisms and controls for granting and restricting access to the information assets.
NEW QUESTION # 87
Gary has identified a project risk that could injure project team members. He does not want to accept any risk where someone could become injured on this project so he hires a professional vendor to complete this portion of the project work. This workaround to the risk event is known as what type of risk response?
- A. Mitigation
- B. Avoidance
- C. Transference
- D. Acceptance
Answer: C
Explanation:
Section: Volume A
NEW QUESTION # 88
Which of the following is the MOST efficient approach for using risk scenarios to evaluate a new business opportunity?
- A. Risk identification leverages past audit and compliance reports.
- B. Related risks are consolidated into one scenario for analysis.
- C. Risk events are identified bottom-up and top-down.
- D. Risk scenario narratives are summarized and limited in length.
Answer: C
Explanation:
The most efficient approach for using risk scenarios to evaluate a new business opportunity is to identify risk events from both bottom-up and top-down perspectives. This means that the risk identification process should consider both the specific details of the opportunity, such as the market, customer, product, service, technology, and resources involved, as well as the broader context of the opportunity, such as the strategic objectives, vision, mission, values, and culture of the organization. By using both bottom-up and top-down approaches, the risk identification process can capture a comprehensive and balanced view of the potential risks that could affect the success of the opportunity. This will help to create realistic and relevant risk scenarios that can be analyzed and evaluated for decision-making purposes. A bottom-up approach alone may miss some important risks that are related to the organization's strategy, governance, or environment, while a top-down approach alone may overlook some specific risks that are unique to the opportunity or its implementation. Therefore, a combination of both approaches is the most efficient way to use risk scenarios for evaluating a new business opportunity. := What is business risk? | McKinsey, How to Write Strong Risk Scenarios and Statements - ISACA, Finding your blind spots: Recognising emerging risks and opportunities
NEW QUESTION # 89
Which of the following outsourcing defines the performance objectives reached by negotiation between the user and the provider of a service, or between an outsourcer and an organization?
- A. Proposal
- B. Contract
- C. Service level Agreement (SLA)
- D. Outsource
Answer: C
NEW QUESTION # 90
Which of the following processes contained in the Portfolio Management domain of Val IT creates an overall portfolio view?
- A. PM10
- B. PM7
- C. PM8
- D. PM9
Answer: D
NEW QUESTION # 91
Fill in the blank with an appropriate phrase.
_________models address specifications, requirements, design, verification and validation, and maintenance activities.
Answer:
Explanation:
Life cycle
NEW QUESTION # 92
As seen from the perspective of how the enterprise defines and executes business strategies to achieve its goals and objectives, which of the following elements does the ERM comprise of? Each correct answer represents a complete solution. Choose all that apply.
- A. Aligning risk appetite and strategy
- B. Providing integrated responses to few risks
- C. Enhancing risk response decisions
- D. Reducing operational surprises and losses
Answer: A,C,D
NEW QUESTION # 93
Which of the following components of the COSO ERM identifies the required information, captures it, and communicates it in a form and time frame that enable people to carry out their responsibilities?
- A. Monitoring
- B. Information and communication
- C. Objectives setting
- D. Internal environment
Answer: B
NEW QUESTION # 94
Which of the following is the PRIMARY consideration when developing an information asset management program?
- A. Industry best practice
- B. Regulatory requirements
- C. Operational requirements
- D. Cost benefit
Answer: C
NEW QUESTION # 95
The CEO of an organization is concerned that there are inconsistencies in the way information assets are classified across the enterprise. Which of the following is be the BEST way for the CIO to address these concerns?
- A. Implement enterprise data governance.
- B. Require enterprise risk assessments.
- C. Include data assets in the IT inventory.
- D. Identify data owners across the enterprise.
Answer: A
Explanation:
Enterprise data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. It encompasses the people, processes, and technologies required to manage and protect data assets1. Enterprise data governance can help address the inconsistencies in data classification by establishing a common framework, standards, and policies for data quality, security, and usage across the enterprise. It can also assign roles and responsibilities for data owners, stewards, and custodians to ensure accountability and compliance234.
2: https://www.ibm.com/topics/data-governance
1:
https://www.cio.com/article/202183/what-is-data-governance-a-best-practices-framework-for-managing-d
3: https://www.sailpoint.com/identity-library/enterprise-data-governance/
4: https://atlan.com/enterprise-data-governance/
NEW QUESTION # 96
The CIO of a large enterprise has taken the necessary steps to align IT objectives with business objectives.
What is the BEST way for the CIO to ensure these objectives are delivered effectively by IT staff?
- A. Map the IT objectives to an industry-accepted framework.
- B. Include the IT objectives in staff performance plans.
- C. Include CIO sign-off of the objectives as part of the IT strategic plan.
- D. Enhance the budget for training based on the IT objectives.
Answer: D
NEW QUESTION # 97
Ned is the project manager of the HNN project for your company. Ned has asked you to help him complete some probability distributions for his project. What portion of the project will you most likely use for probability distributions?
- A. Risk identification
- B. Bias towards risk in new resources
- C. Risk probability and impact matrixes
- D. Uncertainty in values such as duration of schedule activities
Answer: D
NEW QUESTION # 98
Which of the following provides the BEST assurance on the effectiveness of IT service management processes?
- A. Performance of incident response
- B. Continuous monitoring
- C. Compliance with internal controls
- D. Key risk indicators (KRIs)
Answer: B
NEW QUESTION # 99
Which of the following steps are performed in the Planning phase of IT Assurance methodology? Each correct answer represents a complete solution. Choose all that apply.
- A. Perform a quick risk assessment.
- B. Plan the risk-based assurance initiatives.
- C. Scope and plan assurance initiatives.
- D. Assess process maturity.
Answer: A,B,D
NEW QUESTION # 100
Which of the following architecture domains for TOGAF describes the structure of an organization's logical and physical data assets and the associated data management resources?
- A. Applications architecture
- B. Technical architecture
- C. Data architecture
- D. Business architecture
Answer: C
NEW QUESTION # 101
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