ISACA Exam 2024 CGEIT Dumps Updated Questions UPDATED Jan-2024
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NEW QUESTION # 61
Which of the following areas tracks the project delivery, and monitors the IT services?
- A. Performance measurement
- B. Strategic alignment
- C. Risk management
- D. Value delivery
Answer: A
NEW QUESTION # 62
An IT steering committee is preparing to review proposals for projects that implement emerging technologies.
In anticipation of the review, the committee should FIRST:
- A. determine if the IT staff can support the emerging technologies.
- B. understand how the emerging technologies will influence risk across the enterprise.
- C. require a capacity plan and framework review for the emerging technologies,
- D. require a review of the enterprise risk management framework.
Answer: B
Explanation:
The first step for the IT steering committee to review proposals for projects that implement emerging technologies is to understand how the emerging technologies will influence risk across the enterprise.
Emerging technologies are new or evolving technologies that have the potential to create significant value or disruption for the enterprise, such as artificial intelligence, blockchain, cloud computing, etc. Emerging technologies can also introduce new or increased risks, such as security, privacy, compliance, ethical, operational, strategic, etc. Therefore, the IT steering committee should understand the nature, scope, and impact of these risks, and how they affect the enterprise's risk appetite, tolerance, and profile. By understanding the risk implications of emerging technologies, the IT steering committee can evaluate the proposals more effectively and objectively, and ensure that they align with the enterprise's strategy, goals, and governance framework. According to ISACA's CGEIT Domain 4: Risk Optimization1, "the enterprise should identify and assess the risks associated with emerging technologies and their potential impact on the enterprise's objectives and performance." Furthermore, according to ISACA's article on Emerging Tech Risk2, "the IT steering committee should have a clear understanding of the risk landscape of emerging technologies and how they affect the enterprise's risk posture and appetite." Therefore, understanding how the emerging technologies will influence risk across the enterprise is the best first step for the IT steering committee to review proposals for projects that implement emerging technologies. References:
Emerging Tech Risk - ISACA
IT Governance: Definitions, Frameworks and Planning - ProjectManager
What is IT governance? A formal way to align IT & business strategy | CIO CGEIT Domain 4: Risk Optimization
NEW QUESTION # 63
An enterprise can BEST assess the benefits of a new IT project through its life cycle by:
- A. periodic measurement of the project slip rate.
- B. periodic review of the business case.
- C. calculation of the total cost of ownership.
- D. calculation of the net present value (NPV).
Answer: C
NEW QUESTION # 64
You are the project manager of the NNN project for your company. You and the project team are working together to plan the risk responses for the project. You feel that the team has successfully completed the risk response planning and now you must initiate what risk process it is. Which of the following risk processes is repeated after the plan risk responses to determine if the overall project risk has been satisfactorily decreased?
- A. Quantitative risk analysis
- B. Risk identification
- C. Risk response implementation
- D. Qualitative risk analysis
Answer: A
NEW QUESTION # 65
Which of the following areas tracks the project delivery, and monitors the IT services?
- A. Performance measurement
- B. Strategic alignment
- C. Risk management
- D. Value delivery
Answer: A
NEW QUESTION # 66
A business is considering a policy to anonymize personal data in enterprise systems. Before making a decision, which of the following is MOST important for the IT steering committee to consider?
- A. Sustainability costs to the enterprise
- B. Regulatory requirements
- C. Business impact analysis (BIA) results
- D. Potential implementation barriers
Answer: B
Explanation:
The MOST important thing for the IT steering committee to consider before deciding on a policy to anonymize personal data in enterprise systems is the regulatory requirements. Anonymization is the process of protecting private or sensitive information by erasing or encrypting identifiers that connect an individual to stored data1. However, different jurisdictions may have different definitions, standards, and rules for anonymization and data protection2. For example, the EU's General Data Protection Regulation (GDPR) outlines a specific set of rules that protect user data and create transparency1. The GDPR permits companies to collect anonymized data without consent, use it for any purpose, and store it for an indefinite time-as long as companies remove all identifiers from the data1. However, if the data is not fully anonymized and can be re-identified by using de-anonymization methods, then the GDPR still applies and requires consent, purpose limitation, and data minimization2. Therefore, the IT steering committee should consider the regulatory requirements of the applicable legislation in both the home and host countries before deciding on a policy to anonymize personal data in enterprise systems. This can help to ensure compliance, avoid fines or penalties, and protect the reputation and trust of the business.
NEW QUESTION # 67
An IT manager is trying to determine optimal IT service levels. Which of the following should be the PRIMARY consideration?
- A. Cost-benefit analysis
- B. Internal rate of return
- C. Resource utilization analysis
- D. Recovery time objective (RTO)
Answer: A
NEW QUESTION # 68
A global financial institution has decided to integrate data from branch locations into a common database to address regulatory reporting requirements. Analysis of data flows and the full data life cycle should be conducted at which level?
- A. Branch level
- B. Transaction level
- C. Department level
- D. Enterprise level
Answer: D
Explanation:
Analysis of data flows and the full data life cycle should be conducted at the enterprise level, because it provides a holistic and comprehensive view of how data is created, stored, processed, used, and disposed of across the entire organization. By conducting data analysis at the enterprise level, the financial institution can ensure that the data integration from branch locations is aligned with the business objectives, needs, and expectations, and that the data quality, security, and compliance are maintained throughout the data life cycle.
Data analysis at the enterprise level can also help to identify and address any data gaps, issues, or risks that may affect the regulatory reporting requirements or the performance and value of the data. According to Data Life Cycle and Data Governance What CDOs and CISOs Can Learn, "Data governance is an enterprise-wide program that requires a holistic approach to managing data throughout its life cycle."
NEW QUESTION # 69
Which of the following frameworks defines ERM as the discipline by which an organization in any industry assesses, controls, exploits, finances, and monitors risks from all sources for the purpose of increasing the organization's short- and long-term value to its stakeholders?
- A. COSO ERM framework
- B. COBIT
- C. Val IT
- D. Casualty Actuarial Society framework
Answer: D
NEW QUESTION # 70
What should be done FIRST when feedback indicates recently implemented software products are not meeting business unit expectations?
- A. Review help desk logs.
- B. Confirm user acceptance testing (UAT) was completed.
- C. Request a gap analysis.
- D. Institute a new software training program
Answer: C
Explanation:
A gap analysis is a method of assessing the differences in performance between a business' information systems or software applications to determine whether business requirements are being met and, if not, what steps should be taken to ensure they are met successfully1. A gap analysis typically involves identifying non-compliant processes or activities; assessing their risk levels; determining potential corrective actions that can be taken to address them; and implementing those corrective measures1. Once completed, organizations can then measure their progress toward achieving full compliance over time1.
A gap analysis should be done first when feedback indicates recently implemented software products are not meeting business unit expectations, as it can help identify the root causes of the dissatisfaction, the gaps between the current and desired state of the software products, and the actions needed to close those gaps. A gap analysis can also help align the software products with the business strategy, goals, and expectations, as well as ensure compliance with regulations and policies.
Reviewing help desk logs, confirming user acceptance testing (UAT) was completed, and instituting a new software training program are also important steps to take when software products are not meeting expectations, but they are not the first step. Reviewing help desk logs can help gather feedback and identify issues or errors with the software products, but it does not provide a comprehensive analysis of the gaps and solutions. Confirming UAT was completed can help verify that the software products were tested by the end users before implementation, but it does not address the reasons why the feedback was negative after implementation. Instituting a new software training program can help improve the user's skills and knowledge of the software products, but it does not guarantee that the software products will meet their needs and expectations.
References := What is Gap Analysis in Compliance | Scytale; How to Perform an IT Gap Analysis - Systems X; IT Gap Analysis - First Step to ITIL Success | Invensis Learning.
NEW QUESTION # 71
Which of the following is the MOST important driver of IT governance?
- A. Technical excellence
- B. Quality measurement
- C. Management transparency
- D. Effective internal controls
Answer: C
NEW QUESTION # 72
An enterprise has decided to implement an enterprise resource planning (ERP) system to achieve operating and cost efficiencies through global IT standardization. The business units are resistant because they are used to operating autonomously. The CEO has instructed the CIO to move quickly with the implementation to force acceptance with business unit leaders. Which of the following should be the CIO's FIRST step?
- A. Engage a reluctant business unit to conduct a proof-of-concept pilot.
- B. Ask the CEO to be the sponsor of the program.
- C. Build a governance framework for identifying non-standard processes.
- D. Request funding from the CEO to hire ERP consultants.
Answer: C
NEW QUESTION # 73
An IT director has become aware that a certain subset of data collected lawfully can be used to generate additional revenue. However, this particular use of the data is outside the original intention. What is the PRIMARY reason this situation should be escalated to the IT steering committee?
- A. Regulatory requirements
- B. Potential legal penalties
- C. Ethical concerns
- D. Data protection
Answer: C
Explanation:
The primary reason this situation should be escalated to the IT steering committee is B. Ethical concerns. This is because using data for a purpose that is outside the original intention may violate the principle of purpose limitation, which states that personal data should be collected for specified, explicit and legitimate purposes and not further processed in a manner that is incompatible with those purposes1. Using data for a different purpose may also breach the trust and expectations of the individuals who provided the data, and may harm their rights and interests. Therefore, the IT director should consult the IT steering committee, which is a group of senior executives who are responsible for developing and enforcing the organization's IT priorities and policies2, to determine whether the new use of data is ethical, lawful, and transparent. The IT steering committee should also consider the following aspects before making a decision:
The link between the original purpose and the new/upcoming purpose: How closely related are the two purposes? Is the new purpose compatible with the original purpose or does it contradict it?
The context in which the data was collected: What was the relationship between the organization and the individuals at the time of data collection? What did the individuals consent to or expect from the data processing?
The type and nature of the data: Is the data sensitive, personal, or confidential? Does it reveal any information about the individuals' identity, preferences, behavior, or opinions?
The possible consequences of the intended further processing: How will the new use of data affect the individuals and the organization? Will it benefit or harm them? Will it create any risks or opportunities?
The existence of appropriate safeguards: What measures are in place to protect and manage the data according to the data protection principles and standards? How can the data quality, security, privacy, and compliance be ensured or improved?
By escalating this situation to the IT steering committee, the IT director can ensure that the ethical implications of using data for another purpose are properly assessed and addressed.
NEW QUESTION # 74
A retail enterprise has cost reduction as its top priority. From a governance perspective, which of the following should be the MOST important consideration when evaluating different IT investment options?
- A. Business value impact
- B. Support for increased sales
- C. Industry best practices
- D. Risk associated with each option
Answer: A
Explanation:
The most important consideration for IT governance is to align IT investments with business objectives and deliver value to the enterprise. Cost reduction is one of the possible objectives, but not the only one. Therefore, the business value impact of each option should be evaluated to ensure that the IT investment supports the enterprise strategy and goals. References:= CGEIT Exam Content Outline, Domain 1: Governance of Enterprise IT, Subtopic A: Governance Framework, Task 1: Establish and maintain a governance framework that aligns with enterprise objectives, ensures value creation from IT-enabled investments, and manages risk at an acceptable level.
NEW QUESTION # 75
Which of the following should be the PRIMARY consideration for an enterprise when prioritizing IT projects?
- A. Technical capability of the enterprise to execute the projects
- B. Results of IT performance benchmarks against competitors
- C. Impact on the business due to expected project outcomes
- D. Process owner expectations based on operational benefits
Answer: C
Explanation:
When prioritizing IT projects, the primary consideration for an enterprise should be the impact on the business due to expected project outcomes, because this would align the IT investments with the enterprise's strategic objectives and value creation. The impact on the business can be assessed by using criteria such as return on investment (ROI), net present value (NPV), risk exposure, customer satisfaction, and competitive advantage12. References:= ISACA, CGEIT Review Manual, 7th Edition, 2019, page 31-32.
NEW QUESTION # 76
Which of the following risks refers to the risk associated with an event in the absence of specific controls?
- A. Financial reporting risk
- B. Inherent risk
- C. Operational risk
- D. Compliance risk
Answer: B
NEW QUESTION # 77
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