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Exam CRISC topic 1 question 852 discussion

Actual exam question from Isaca's CRISC
Question #: 852
Topic #: 1
[All CRISC Questions]

Which of the following is the MAIN reason for analyzing risk scenarios?

  • A. Establishing a risk appetite
  • B. Identifying additional risk scenarios
  • C. Updating the heat map
  • D. Assessing loss expectancy
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️

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hussmohsin
Highly Voted 3 years, 1 month ago
so the MAIN reason for analyzing risk scenarios is to identify more risk scenarios, this sounds like infinite loop to me.
upvoted 6 times
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Rooks
Highly Voted 3 years, 6 months ago
The answer B for this stem question - Analyzing risk scenario, does not make much sense. I think the closest answer would be D and it is also not quite a good answer.
upvoted 6 times
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eblue
Most Recent 6 months, 1 week ago
Selected Answer: D
Analyzing risk scenarios primarily aims to determine the potential impact (loss) and the likelihood of that impact occurring due to the realization of the given scenarios. This assessment provides an understanding of the loss expectancy, which is crucial for risk management decisions.
upvoted 1 times
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Staanlee
6 months, 1 week ago
Selected Answer: D
D. Assessing loss expectancy. The main reason for analyzing risk scenarios is to assess the loss expectancy associated with each scenario. This analysis helps organizations understand the potential impact and consequences of specific risks if they were to materialize. By quantifying the potential losses, organizations can prioritize their risk management efforts and allocate resources effectively to mitigate or manage the most critical risks. This process supports informed decision-making and helps organizations focus on the risks that matter most to their objectives and stakeholders.
upvoted 1 times
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CbtL
11 months, 2 weeks ago
Selected Answer: D
Going with D. In the ISACA Review Manual 7th Edition, sec 2.4.4, page 113 the focus of analysis of risk scenarios is all about understanding impact of the scenario, so D aligns the most.
upvoted 1 times
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Koulyo
11 months, 4 weeks ago
I will chose D even if the idiots at ISACA mark it false. Analyzing risk scenarios is a key step in the risk management process. It involves identifying potential risks, evaluating their likelihood and potential impact, and determining the measures that can be taken to mitigate or manage them. One of the key objectives of analyzing risk scenarios is to assess the loss expectancy associated with each scenario. This involves estimating the potential financial, operational, or reputational losses that may result from the occurrence of each risk scenario.
upvoted 3 times
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john_boogieman
1 year, 1 month ago
Selected Answer: B
There are a lot of ISACA certification candidates who are tired of the cryptic and unintuitive orientation of some questions, but here we are. Hussmohsin has perfectly expressed how we feel, but it is true that in the CRISC (7th) manual, within the section on 'development of risk scenarios' for IT, it is indicated 'deduce complex scenarios from simple scenarios showing impact and dependencies'. For example, a scenario where there is a risk of a major hardware failure can be combined with a disaster recovery plan failure scenario.
upvoted 2 times
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Suchib
1 year, 3 months ago
What a crap! it definitely not A, can be something near D.
upvoted 2 times
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Raj1510
2 years, 2 months ago
agree with D
upvoted 3 times
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Tsuresh
3 years, 1 month ago
Should be D - https://www.isaca.org/resources/isaca-journal/past-issues/2012/using-scenario-analysis-for-managing-technology-risk
upvoted 3 times
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A (35%)
C (25%)
B (20%)
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