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Risk Management in IT
Risk Management in IT
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Flashcards
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Questions
10
Answers
1
What is a common consequence of IT risks in an organization?
Company closure
Data protection
Compliance failures
Reduction of risk
2
A risk register is primarily used to:
Schedule routine system maintenance.
Document and track identified risks, potential impacts & mitigation plans.
Track IT spending.
Store employee contact information.
3
Which framework focuses on identifying, protecting, detecting, responding, and recovering from cyber threats?
NIST Cybersecurity Framework
ISO 31000
COBIT
ITIL
4
When do you perform Risk Identification?
During the whole lifetime of a project.
During project execution.
At the beginning of a project.
During project planning.
5
Bonus Point
False
True
6
Which of the following is a common method for quantifying risk?
Qualitative risk assessment only.
Both qualitative and quantitative risk assessment.
Neither qualitative nor quantitative risk assessment.
Quantitative risk assessment only.
7
Which technique quantifies risk by simulating scenarios?
Monte Carlo Simulation
Risk Register Analysis
SWOT Analysis
Sensitivity Analysis
8
Which of these is
NOT
a type of IT risk?
Market risk
Environmental risk
Financial risk
Security risk
9
Accepting a risk means no action is taken, as the risk is deemed acceptable.
False
True
10
What is the primary goal of IT risk management in the IT industry?
To minimize cost
To protect data
To acknowledge potential risks
To maximize profit
