Certified in Risk and Information Systems Control

Here you have the best Isaca CRISC practice exam questions

You have 1686 total questions to study from
Each page has 5 questions, making a total of 338 pages
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This questions were last updated on October 16, 2025
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Question 1 of 1686

Which of the following is the MOST important reason to maintain key risk indicators (KRIs)?

In order to avoid risk

Complex metrics require fine-tuning

Risk reports need to be timely

Threats and vulnerabilities change over time

Correct Answer: D

Maintaining key risk indicators (KRIs) is crucial because threats and vulnerabilities change over time. The risk environment is dynamic, with new threats emerging and old ones evolving. Consistently updating KRIs ensures that an organization can effectively monitor and adapt to these changes, thus maintaining a relevant and responsive risk management framework.

Question 2 of 1686

You are the project manager of a HGT project that has recently finished the final compilation process. The project customer has signed off on the project completion and you have to do few administrative closure activities. In the project, there were several large risks that could have wrecked the project but you and your project team found some new methods to resolve the risks without affecting the project costs or project completion date. What should you do with the risk responses that you have identified during the project's monitoring and controlling process?

Include the responses in the project management plan.

Include the risk responses in the risk management plan.

Include the risk responses in the organization's lessons learned database.

Nothing. The risk responses are included in the project's risk register already.

Correct Answer: C

After the project completion, it is essential to document the risk responses in the organization's lessons learned database so that other project managers can benefit from the methods and strategies used to address these risks. This ensures that future projects can leverage this knowledge, promoting continuous improvement and organizational learning.

Question 3 of 1686

You are the project manager of GHT project. You have identified a risk event on your project that could save $100,000 in project costs if it occurs. Which of the following statements BEST describes this risk event?

This risk event should be mitigated to take advantage of the savings.

This is a risk event that should be accepted because the rewards outweigh the threat to the project.

This risk event should be avoided to take full advantage of the potential savings.

This risk event is an opportunity to the project and should be exploited.

Correct Answer: D

This risk event has the potential to save $100,000 in project costs if it occurs, which means it is a positive risk, also known as an opportunity. The best approach to handle such an opportunity is to exploit it. Exploiting an opportunity means taking proactive steps to ensure that the event occurs so that the project can benefit from its positive impact. Therefore, the statement that best describes this risk event is that it should be exploited.

Question 4 of 1686

You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?

The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.

The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.

The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.

The iterative meetings allow the project manager to communicate pending risks events during project execution.

Correct Answer: C

Risk identification is an iterative process because new risks may evolve or become known as the project progresses through its life cycle. Holding multiple risk identification meetings throughout the project ensures that any new risks are identified and addressed promptly, enabling proactive risk management and more effective mitigation strategies.

Question 5 of 1686

You are the risk official in Bluewell Inc. You are supposed to prioritize several risks. A risk has a rating for occurrence, severity, and detection as 4, 5, and 6, respectively. What Risk Priority Number (RPN) you would give to it?

120

100

Correct Answer: A

The Risk Priority Number (RPN) is calculated by multiplying the values of occurrence, severity, and detection. For the given values, the formula is: RPN = Occurrence * Severity * Detection. Substituting the given values: RPN = 4 * 5 * 6 = 120. Therefore, the correct RPN is 120.