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Exam CRISC topic 1 question 171 discussion

Actual exam question from Isaca's CRISC
Question #: 171
Topic #: 1
[All CRISC Questions]

You are the project manager of HGT project. You are in the first phase of the risk response process and are doing following tasks :
Communicating risk analysis results
Reporting risk management activities and the state of compliance
Interpreting independent risk assessment findings
Identifying business opportunities
Which of the following process are you performing?

  • A. Articulating risk
  • B. Mitigating risk
  • C. Tracking risk
  • D. Reporting risk
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Suggested Answer: A 🗳️
Articulating risk is the first phase in the risk response process to ensure that information on the true state of exposures and opportunities are made available in a timely manner and to the right people for appropriate response. Following are the tasks that are involved in articulating risk:
✑ Communicate risk analysis results.
✑ Report risk management activities and the state of compliance.
✑ Interpret independent risk assessment findings.
✑ Identify business opportunities.
Incorrect Answers:
B: Risk mitigation attempts to reduce the probability of a risk event and its impacts to an acceptable level. Risk mitigation can utilize various forms of control carefully integrated together. This comes under risk response process and is latter stage after articulating risk.
C: Tracking risk is the process of tracking the ongoing status of risk mitigation processes. This tracking ensures that the risk response strategy remains active and that proposed controls are implemented according to schedule.
D: This is not related to risk response process. It is a type of risk. Reporting risks are the risks that are caused due to wrong reporting which leads to bad decision.
by Kennethlim79 at Nov. 26, 2023, 3:06 p.m.

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Kennethlim79
1 month, 2 weeks ago
Based on the tasks listed: Communicating risk analysis results Reporting risk management activities and compliance status Interpreting independent risk assessment findings Identifying business opportunities It is clear that you are performing the "Communicating and Consulting" process in the risk response cycle. The key giveaways here are: Communicating risk analysis results Reporting on risk management activities and status These directly correspond to the communication and reporting aspects of the Communicating and Consulting process. Therefore, out of the options, "Reporting risk" best describes the process being performed based on the tasks shown. The answer is D. Reporting risk. Copy Retry
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